How to communicate CEO compensation: A looming challenge
With the new year will come a mandate to disclose the ratio between your head honcho’s remuneration and that of the average worker. Got a plan in place? Here’s how to get started.
Compensation is a dicey communication issue. It’s also an important one.
A 2014 survey found that up to 66 percent of employees were thinking about quitting their jobs over dissatisfaction with pay. In the same survey, more than 25 percent of respondents said they hadn’t been offered a pay increase in the previous 12 months.
Employees frequently learn about their colleagues’ salaries through a variety of channels, from the rumor mill to Glassdoor.com. Yet few companies clearly communicate how compensation is determined and the philosophy that underlies it.
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