CIPD survey shows concerns over pay deals
Reward professionals in Britain are concerned that their companies risk losing employees because they are unable to satisfy employees' pay expectations, according to a recent survey by the Chartered Institute of Personnel and Development (CIPD).
A total of 78 per cent of respondents to the CIPD's Reward Risks survey expressed concern about potential risks, with companies' inability to increase pay levels due to budget constraints seen as a major retention risk. However, the survey also indicated that there is a marked disconnect between employees' perceptions of what is 'fair' and the true value of the reward packages on offer. This suggests that many employers have a PR exercise on their hands to maintain 'positive' perceptions of pay packages among employees while restructuring pay packages around new business strategies and austerity measures.
The survey also questioned companies in Asia, the Middle East and Africa, where retention concerns are often very different. The rapid expansion of many organisations in these emerging markets has meant that employers' concerns tend to centre more around being able to find the right skills and retain staff.
Acas can visit yourorganisationto help you understand what needs to be done to address issues related to pay  and then work with you to develop practical solutions. Visit the Acas training and business solutions page for more information.