The Knowledge of Pay, a major research study by WorldatWork, found that employees with an understanding of their pay structure had increased ability to align their own behaviors and goals with those of the organization. The picture was clear: when employees had higher levels of pay knowledge they also had higher levels of retention, more commitment to the company, and increased trust in management.
“The payoff for you? More employees satisfied with their compensation.” So wrote the Harvard Business Review in its discussion of the study, which surveyed more than 6,000 managers and employees in 26 major U.S. and Canadian organizations.
Download the full study from our Resources page.
