Report: Companies Struggling to Meet Workers’ Pay Expectations

 According to a report released on October 23 by financial services firm WTW, while employees rank pay as the top reason for joining and staying with a company, only about half of surveyed employers believe they are effectively delivering on their pay programs. This disconnect is attributed to several factors affecting the workplace over recent years, including talent shortages, generational shifts, new work models, the global pandemic, and high inflation. The report also highlights that ineffective communication contributes to the issue, as fewer than one in four of the nearly 1,900 companies surveyed feel they effectively explain how employee pay is determined.

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