Are employees over-inflating their earnings?

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01 Sep 2016

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UFC Heavyweight Alistair Overeem believes Conor McGregor and Floyd Mayweather may be exaggerating the truth about their pay for social media, according to a UK tabloid newspaper. In fact, research from Ingenious Press revealed that 20% of social media users lie about their jobs, so what can this mean for your organisation? Clare Parkinson, Reward Business Manager at Croner says: “Pay is often a motivator when people apply for jobs, so if staff are overstating their salaries then this could cause false indications for prospective employees. It could also cause ill feeling throughout the existing workforce, as individuals may feel they are being paid unjustly, which is why pay has often been a confidential subject. “The best way to protect against salary disputes is to ensure you have a pay and grading structure in place that is well-informed and justifiable. That way you can maintain privacy over individual salaries while proving that you have benchmarked roles correctly. If it’s only certain departments where pay conflicts are occurring then referring to a job function salary report or using a salary benchmarking tool can be beneficial. “You may also wish to implement a social media policy, preventing staff from talking about work and/or pay across social media platforms. To protect against non-compliance with a policy, employers may also need to update their disciplinary procedure, ensuring it is grounded by best practice.” As you can see, lying about pay may seem like a good idea to an employee at a certain time, however it can open up a minefield of problems that can be difficult to resolve. To find out more about how Croner can assist your organisation, please call 0800 032 4088 or e-mail reward@croner.co.uk.

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