How Should Family Businesses Decide What Relatives Earn?
When family members work together, conversations about compensation can quickly become complicated. A daughter joins the family business after completing her education. Two brothers hold senior leadership positions but have very different responsibilities. A cousin believes years of loyalty should justify a higher salary. Meanwhile, a non-family employee managing a larger department earns less than […]
What Causes Pay Compression, and How Can Employers Address It?
Pay compression is a compensation issue that occurs when employees with different levels of experience, skills, or responsibilities receive similar pay. It can also happen when newly hired employees earn nearly as much as, or more than, existing employees in comparable roles. For employers, pay compression can create challenges with employee morale, retention, recruitment, and […]
