Employees who switched companies used to earn roughly 10 to 20 percent more than those who stayed with one company. Not anymore. The median pay increase for workers switching jobs sank substantially to 4.8 percent last month from a high…
Tag: Pay compression
Pay transparency is exposing your pay compression problem
Many employers in 2025 are still waking up to a vexing pay issue: pay compression, made more troublesome by pay transparency laws. Pay compression occurs when companies give higher-than-normal wages and salaries to new hires, often during times of labor…
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Companies are planning smaller pay raises in 2025
According to three compensation surveys, US employers are planning slightly smaller pay raises in 2025, between 3.5 percent to 4.1 percent, which is below the average 4.1 percent salary increase given in 2024, and the 4.5 percent increase in 2023…
Hot hiring numbers belie the need for strong HR practices
The hottest issue in HR is overcoming the current labor shortage, which exists despite the last month’s hiring boom, and presents troublesome issues for CEOs and CHRO leaders. Last week’s US Department of Labor (DOL) job report showed a shocking…
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