resources

Understanding and Addressing Pay Compression with Lizzy Bores

February 09, 2023

Pay compression is a real issue for many businesses, but it doesn't need to stay that way.
PCTY Talks
Subscribe to PCTY Talks: HR, People and Culture:
Listen on Apple Podcasts Listen on Spotify

When differences in pay between senior and entry-level positions shrink, it jeopardizes efforts to attract and retain talented employees. To avoid this unfortunate situation, employers should take proactive steps to review salary practices and conduct periodic compensation surveys. Furthermore, they should consider creative ways to provide rewards that don't rely on pay increases – such as giving more vacation time, recognizing achievements with public acknowledgment, or offering flexible hours. Join host Shari Simpson and Lizzy Bores as they discuss how to address and further prevent pay compression in your organization.

Lizzy has 14 years of extensive HR experience in numerous roles and industries, which included a focus on compensation, talent acquisition, and learning and development. She joined Paylocity in 2018 and currently provides strategic support to our Technical Services organization through a partnership with its leadership teams. She also creates and refines various initiatives to align with the future needs of the Operations organization and to drive a positive employee experience.


Read More: What is Pay Compression? And How Do You Fix It?


 

shari-simpson-headshot-1

Shari Simpson

Host
Senior Manager Thought Leadership
Paylocity
lizzy-bores

Lizzy Bores

Senior HR Business Partner
Paylocity
011002000114a-compliancedashboard-smalltiled

Guarantee Fair Pay

In today's labor market, employees expect fair, competitive wages. Our Compensation Management tool can make it happen.

Compensation Tools
011002000105a-talent-smalltiled

Attract And Retain

Embed employee experience features from recruiting, onboarding, and beyond with tools built for the modern workforce.

Wow Your Talent

related