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What employers should do when market pay doesn't align with the pay of current staff

It happens to every organization, and is hard to avoid: you hire for a position you need to fill and the market pay is higher than what you pay your current staff in a similar position. It puts you and your employees in a tough spot and seems completely unfair--and it is! What is an employer to do? In this episode of Transform Your Workplace, Lacey Partipilo and Brandon Laws of Xenium discuss why pay compression is damaging to organizations and what employers can do about it. Learn more about compensation planning and pay equity: http://www.xeniumhr.com/human-resourc... -- Please note that the content in this video is intended to provide general information about the subject matter covered and is provided with the understanding that Xenium is not rendering legal or tax advice. You should consult with the appropriate counsel or other advisors on all matters pertaining to legal, tax or accounting obligations and requirements. For more information on this subject, watch a webinar we did with an attorney on equal pay: http://bit.ly/2lMKQ5Z