Mastering Staff Retention: A Pay Review Guide

Discover how to maintain a dedicated workforce and drive business growth with our targeted guide on conducting pay reviews.

Why download this guide?

As the job market evolves, the idea of spending an entire career with one employer is becoming rare. Employees often seek new challenges when their current roles don’t align with personal ambitions, creating a retention dilemma for businesses.

92% of job seekers are more likely to apply when a salary is listed in the job posting. Yet organizations take different approaches:

• Some choose not to publicize or take alternative routes.
• Others set clear criteria for salary increases.
• A few shares salary banding structures.
• And some go so far as to publish all employee salaries.

Employees want clarity and an understanding of how pay decisions are made, and pay reviews deliver exactly that. By providing the transparency your employees expect, pay reviews offer an effective way for organizations to build trust and reduce turnover.

At Hays, we specialize in fostering employee loyalty. This guide focuses on the critical practice of pay reviews, giving you actionable insights to keep your team engaged and committed.

What you'll gain

• Insights on customizing compensation to meet employee needs.
• Strategies to use during pay reviews for boosting satisfaction and retention.
• Tips to build a culture that rewards achievement and recognizes effort.
• Guidance on aligning pay transparency with organizational goals.

Don’t wait for your best talent to leave. Implement pay-review strategies that reflect the value they deliver and encourage long-term investment in your organization. Fill out the form to get your copy of the guide and start improving your retention today.