Salary education - How to ensure your employees understand the real value of their compensation package

Salary Education

There is no question that persistently high inflation in recent times has put a squeeze on workers’ pockets and ramped up the pressure on employers to keep pace with pay awards. Recent industrial action, for example by teachers, nurses and rail workers, have only served to highlight the increased focus of employees, and the need for greater pay transparency moving forward. While employers grapple with determining their appropriate pay levels, educating workers about the true value of their compensation package has never been more important, and yet this education is often overlooked. Here are four key areas employers can look at to boost salary education across the workforce.