Webinar: Practical actions to manage wage compression
Wage compression is placing growing pressure on UK pay structures, as national living wage increases and constrained budgets erode pay differentials. In this webinar, HR consultant Dean Morley explores how organisations can identify compression and take practical steps to address it.
Wage compression is becoming a structural issue across many UK organisations, driven by successive increases to the National Living Wage (NLW), affordability constraints and the use of flat pay awards. These pressures can erode pay differentials, creating "bunching" at the lower end of pay structures and making it harder to reward experience, skills and progression.
Drawing on more than 26 years of HR leadership experience, Dean Morley examines how organisations can identify and address compression through practical, market-aligned interventions. This is relevant both to employers developing formal pay structures for the first time and those with established frameworks that are experiencing increasing pressure at the lower end of their pay scales.
Dean talks about:
- What bottom-end wage compression looks like and how it develops.
- How NLW increases and flat pay awards contribute to pay "bunching" and the loss of meaningful differentials.
- A case study from a London-based university, exploring what the data revealed and why it mattered.
- Practical actions organisations can take to diagnose and tackle wage compression.
This webinar provides valuable insights for HR professionals and reward specialists seeking to maintain fair, sustainable and competitive pay structures in an increasingly challenging economic environment.
