"We are seeing a breakdown in the contract between employers and employees," Gordon Frost, global rewards leader at Marsh, said in a statement. "A depleted workforce paired with cynicism about pay creates a precarious moment for employers."
Improving pay transparency and skills-based rewards can have a profound impact on employee morale, Marsh found. Workers who said they feel they're being fairly compensated report being 85% more engaged and 60% more committed. READ MORE
