Identifying and Correcting Pay Compression

In a competitive hiring market, it’s common to see new hires command salaries that rival (or even exceed) those of your seasoned veterans. This phenomenon, known as pay compression, can silently erode morale, trigger turnover, and create significant pay equity risks within your organization.

Bettercomp Senior Customer Success Manager and experienced compensation leader, Lashon Philpot, led an insightful session deconstructing the mechanics of pay compression. She will explore why the root causes of pay compression and offer advice for correcting it before it has a chance to impact employee morale and retention.

She covered:

• Identifying the Root Causes: Understand how starting rate increases, internal range shifts, and market volatility create pay bottlenecks.
• Strategic Planning & Analysis: How to use impact analyses to project costs and maintain alignment before pay actions go live.
• Overcoming Data Challenges: Practical solutions for dealing with missing data like total years of experience, skillsets, and education. Register today to secure your spot and start building a more equitable workplace!