Paying Low Wages Could Ruin Your Online Reputation

blog-publish-date

14 Oct 2016

blog-read-duration

Not paying staff a competitive rate? They may take to the internet to vent their frustration publically; a major problem considering Glassdoor is the biggest talent attraction tool on the web, Twitter generates 7,343 tweets per second and LinkedIn gains 2 new members every second. media-998990_1920Therefore, it is important to ensure that decisions regarding pay are well-informed and defensible, which can be done by undertaking a salary benchmarking exercise. Croner offer two solutions; analytical salary reports and an online tool. Both of these harness information from our pay database (one of the most comprehensive in the UK with no data gaps), which is used to show average pay ranges from lower decile to upper quartile, so you can see how your pay fits in-line with the marketplace. Are you paying more than your competitors or less? If you are paying less then there is a higher likelihood for negative online reviews. canstockphoto17250501Armed with this data, you can also make appropriate salary increases or justify existing rates of pay. If you can afford to increase the wage bill, offering employee benefits can add value. Glassdoor dedicates an entire section of its website towards this aspect of remuneration, allowing employees to select what they receive from a list including Health Insurance, Flexible Working and Sick Pay. As this is highly visible, it is definitely worth making sure you offer a package. Croner Reward publish an Employee Benefits Report every year containing percentages of organisations that offer all major benefits and many more, which allows you to identify the best options for your workforce and support any decision-making. Employees may also see others post pictures of company cars on LinkedIn, which they envy and could approach you about, so our research lets you know the percentage of people in a particular job that are offered a car and what model that would typically be. In summary, if you are in-the-know, you are in the best position to defend against any criticism over pay online or make changes to stay competitive. Call 0844 728 0103 or e-mail reward@croner.co.uk to find out more.

Free to Download Employer Resources

  • Sample Mental Health Policy

    FREE DOWNLOAD

    Sample Mental Health Policy

    Read more
  • Disciplinary Letter Template

    FREE DOWNLOAD

    Disciplinary Letter Template

    Read more
  • H&S Risks of Sleep in Shifts

    FREE DOWNLOAD

    H&S Risks of Sleep in Shifts

    Read more
  • Cricket World Cup: Dealing with Sporting Events in the Workplace

    BLOG

    Cricket World Cup: Dealing with Sport...

    The 2019 Cricket World Cup will run from 30th May through to 14th July. Matches ...

    Read more
  • What are the benefits of benchmarking?

    BLOG

    What are the benefits of benchmarking...

    Salary benchmarking is no doubt a term you’ve come across, especially if you wor...

    Read more
  • Office Dogs: Good Idea or Bad Idea?

    BLOG

    Office Dogs: Good Idea or Bad Idea?

    So, I was going to write about Brexit this month. But we’re not doing that now. ...

    Read more
  • Numark

    CASE STUDY

    Numark

    Numark serve as a virtual head office for independent pharmacies on the high str...

    Read more
  • Gilmour Quinn

    CASE STUDY

    Gilmour Quinn

    Gilmour Quinn Financial Planning Ltd is, as the name suggests, a small financial...

    Read more
  • Wardman Brown

    CASE STUDY

    Wardman Brown

    "I would say it has has a noticeable impact, in particular it has improved the H

    Read more

Ready to focus on what you do best?

Get your free consultation and speak to an expert today.