H.R. expert explains new research and how employers should apply it to their workplace
A new study has found something interesting: When employees know how much their boss makes, they work harder as a result. But, other evidence has shown that when employees know how much their colleagues make…they work less hard.
What can explain this difference? And, what does it mean for employers?
“Salary transparency is a complicated issue,” says human resources expert Rob Wilson, President of Employco USA, a employment-solutions firm with locations across the country. “The truth is that there won’t be a one-size-fits-all approach that works for every company, but there are a few basic things that every employer should know.”
First, Wilson says that as this study shows, employees actually like to know that their boss is doing well financially. “If the top tier people are struggling financially, that can make employees insecure and unmotivated,” says Wilson. “Employees want to feel like they are being led by someone who is doing well for himself or herself. This is both aspirational and comforting, as they know that the company is in good hands and has a solid future.”
However, Wilson says that salary transparency among coworkers can become problematic.
According to the most recent data, premium healthcare plans for individuals in 2019 will increase by 15 percent in many states across America. As the Affordable Care Act continues to be in flux, employers are very concerned about how they can help keep healthcare costs down.
Rob Wilson,

A recent study

The latest jobs report has many people talking about “full employment” and the fact that America is allegedly near this state. However, what does full employment really mean, and is our nation truly almost to this place?
Previous research