White Paper

Strategies to improve employee retention in the age of pay transparency

Strategies to improve employee retention in the age of pay transparency

Pages 16 Pages

This whitepaper, based on Payscale’s Retention Report, offers strategies for improving employee retention by focusing on fair and transparent pay practices. It emphasizes the importance of a positive company culture, strong manager relationships, and clear communication about pay to reduce turnover. The report highlights that employees are less likely to leave if they perceive a bright future, fair pay, and a transparent pay process within their organization. It also provides actionable insights for HR leaders to enhance retention in today’s competitive labor market, especially with the rise of pay transparency legislation.

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