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“Breaking down [median employee pay] analysis revealed that it was not an apples-to-oranges comparison despite the similarity of companies, due to a variety of factors including where the company’s employees are located, the concentration of white collar vs. blue collar jobs, and level of outsourcing.”
“Boards that were more forward-thinking began to establish leveraged approaches to variable compensation for recruiting, motivating, and retaining their [healthcare] leaders through difficult transformations.”
"Salary compression leads to low productivity and morale and high turnover, and if it’s not confronted over the long term, companies will pay the price for ignoring it,” said Rebecca Toman, survey operations manager at Pearl Meyer.