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Webinar - Panel: Addressing and Controlling Pay Compression

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Webinar - Panel: Addressing and Controlling Pay Compression

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Gain the answers to these questions and more in Payscale’s special 90 minute panel: Addressing and Controlling Pay Compression. Panelists include Jill Langhals, Manager of Compensation Services at Employers Resource Association (ERA); Melissa Sebald, Manager, Compensation at Cardinal Health; and Minde Stone, Director of Total Rewards at Payscale.

Gain the answers to these questions and more in Payscale’s special 90 minute panel: Addressing and Controlling Pay Compression. Panelists include Jill Langhals, Manager of Compensation Services at Employers Resource Association (ERA); Melissa Sebald, Manager, Compensation at Cardinal Health; and Minde Stone, Director of Total Rewards at Payscale.

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Webinar - Panel: Addressing and Controlling Pay Compression

  1. 1. Panel: Addressing and Controlling Pay Compression
  2. 2. Today's Presenters: Jill Langhals Manager of Compensation Services Employer’s Resource Association Minde Stone Director of Total Rewards Payscale Melissa Sebald Compensation Manager Cardinal Health Amy Stewart Associate Director of Content Payscale
  3. 3. Today's Agenda • Setting the stage on pay compression • Panel questions • Audience Q&A
  4. 4. Setting the stage on pay compression
  5. 5. Pay Compression 101 Pay, wage, or salary compression is when… • The pay of one or more employees is very close to the pay of more experienced employees in the same job • Employees in lower-level jobs are paid almost as much as their colleagues in higher level jobs, such as with managers and direct reports Salary inversion is when… • Newer staff make more than experienced staff Manager Employees New hire
  6. 6. 6 Pay compression can lead to many challenges… Increased turnover Employee disengagement Reduced revenue Perception (or reality) of pay inequalities Negatively impact recruiting efforts In extreme cases: lawsuits
  7. 7. Wage and Labor Market Trends According to Payscale's 2022 Compensation Best Practices Report • 76% of organizations have experienced labor shortages or difficulty attracting talent in 2021. • 85% of organizations are worried about inflation In 2022, more organizations are giving pay increases: Payscale's 2022 Compensation Best Practices Report
  8. 8. Panelist Questions
  9. 9. Q&A Feel free to ask any questions in the chat!

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