1、1The pay confidence gap report|The payconfidence gap reportPayscale surveys both employers and employees and measures the gap in confidence when it comes to salary research,cost of living,rewarding performance,and more.2The pay confidence gap report|IntroductionSalary conversations are becoming incr

2、easingly fraught.In this research report,we analyze responses from two simultaneously fielded surveys to HR and business leaders(employer perspective)and consumers(employee perspective)to understand the difference in sentiment when it comes to pay confidence.Overall,we find that tough pay conversati

3、ons can result in turnover and that there is a trust gap between employers and employees.Confidence in pay is affected by pay misinformation from online salary research,cost of living,economic conditions,and expectations around merit-based pay for performance.Adoption of compensation best practices

4、and access to compensation data and technologies will help HR and business leaders build confidence in compensation strategies and tackle tough pay conversations with the clarity and consistency needed to close the trust gap.Learn more about how Payscale compensation software and salary data solutio

5、ns can help you price jobs and manage the pay increase cycle with total confidence.Get a demoReady for a solution?Contents 3 The impact of tough conversations on turnover 4 The trust gap 5 Pay conversations employer vs.employee 13 Pay misinformation employer vs.employee 19 Cost of living employer vs

6、.employer 22 Economic uncertainty employer vs.employee 25 Merit-based pay employer vs.employee 27 What creates confidence in compensation 33 About PayscaleThe impact of tough conversations on turnover Salary is important to most working people.It is tied to perception of personal worth as well as be