Paying for Tenure: Does Your Organization Reward Loyalty the Way You Think?

June 13, 2023 | 9am PDT/12pm EDT

Organizations have long struggled to build compensation systems that are nimble enough to keep pace with the labor market. The historically hot labor market associated with the Great Resignation put even greater pressure on these compensation systems.

A recent Syndio study found that in 83% of jobs paying $125k or more, workers with longer tenure earn no more than newly hired but comparable employees. And in 30% of higher-paying roles, longer company tenure was actually associated with lower earnings.

This has implications with the wave of pay scale transparency legislation that is playing out across the U.S. Particularly for higher paying roles and corporate support positions, it’s likely that the stated ranges in job listings are going to be high relative to the pay of long-tenured employees.

Hear from the experts as they discuss best practices and strategies for creating a compensation strategy that is fair and equitable for both new hires and tenured employees.

In this webinar, you'll learn:

• How to determine if your organization actually rewards what it wants to
• What you should do if you want your pay structures to reward job loyalty
• How to communicate with tenured employees about pay

...and more. Register now!