Herner, MA, CCP, Compensation Consultant at PayScale.com
Think ignorance is
You’ve heard some rumbling here and there, but no one has
come out and said anything. That means you don’t have a compensation issue. Right?
Well, maybe, but do you really want to chance losing
your top performers? We’ve heard this from a number of potential clients: “We don’t have any major problems, so comp strategy is not a priority. We think
we may have issues with pay, but not knowing for sure makes us feel better. Ignorance
is bliss.” This “do nothing” objection may work out alright for the short term,
but in the long term you run a real risk of losing your top performers, having
pay inequity issues, and generally being a poor steward of one of the largest
resource expenses in your organization - employee compensation.