So-called wage compression poses a financial and management challenge for employers, who say wage increases have rankled some staff that less experienced co-workers now earn the same wages they spent months or years striving to achieve. At Gap and Wal-Mart, which recently increased wages, store managers have had to address employee questions about fairness and pay. Some companies have raised pay for veteran workers, and others plan to offer extra fringe benefits, fearing that valuable workers might otherwise jump ship.

Read More…

Advertisements