Which term is used to describe the situation where the pay spread between newly hired employees and more qualified job incumbents is small?

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22-08-2022
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Which term is used to describe the situation where the pay spread between newly hired employees and more qualified job incumbents is small?

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88op 88op · Answer 1 · 2022-08-28T13:45:19+02:00

Pay Compression is utilized to represent the situation where the pay spread between newly hired employees and more qualified job incumbents is small.

What is Pay Compression?

Pay compression is a long-term compensation problem. When there is little compensation disparity amongst employees despite variations in their individual knowledge, skills, experiences, or talents, the situation is known as wage or salary compression.

Salary compression turns the organization's biggest expense, or compensation, from a motivator into a "demotivator," which should worry employers. Furthermore, although wage compression is not against the law, it frequently comes with pay inequalities that can be against the law in terms of equal compensation.

When wage differentials between workers doing the same job or between supervisors and subordinates are too tiny to be deemed equitable, pay compression develops. Pay compression is a typical reason for pay system disparity in both public and private sector enterprises.

Hence, Pay Compression is utilized to represent the situation where the pay spread between newly hired employees and more qualified job incumbents is small.

To learn more about Pay Compression refer to:

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