Employers Struggle Communicating Reward Programs Effectively
Korn Ferry reports that only 24% of nearly 8,000 surveyed organizations clearly explain the purpose and design of their reward programs, while 65% expect pay transparency to drive change within one to two years. The study, alongside Aon and Mercer findings, says many employers remain unprepared for transparency laws, with limited employee input and HR readiness despite growing interest in skills- and performance-based pay.
Key Points
- 1Report finds only 24% of nearly 8,000 firms clearly explain reward program purpose and design
- 2Highlights pay-transparency momentum: 65% expect transparency to drive changes within one to two years
- 3Implies HR action: organizations should gather employee input and update pay strategies to maintain trust
Scoring Rationale
Broad, credible industry surveys highlight rising pay-transparency and strategy gaps, but findings offer incremental rather than transformative change.
Sources
Public references used for this report.
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