Balancing the Pay Scale: ‘Fair’ vs. ‘Unfair’

Whether you are a shelf stocker at Walmart, a second-year associate at a consulting company, or an equity analyst at an investment bank, you may feel that you are not adequately compensated for the work you do; in other words, you are underpaid. But underpaid relative to what? How do employers determine compensation levels, and what consequences can these decisions have for an organization?
... Roxana Barbulescu, a management professor at McGill University and a visiting professor of organizational behavior at Wharton, notes that companies could choose to be more transparent about how they are run. “They can make the allocation of resources clearer, use input from employees for decision making, or indicate if they are having a bad year and need to regroup.”

Read full article: Quality Digest, June 11, 201