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I ran across a statistic from a USA Today survey indicating that 56% of respondents are planning to leave their jobs over pay. As human resources professionals, we often dismiss pay concerns because we see surveys saying that employees want purpose and meaningful careers. And it’s true. Employees do want those things. They also want to pay their bills and save for the future.
When it comes to pay, there are two questions that organizations need to consider. First, is an employee’s compensation externally competitive? Second, is the employee’s pay internally equitable? We’re going to talk about