Monthly Archives: May 2014

Your chance to take our workforce survey

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We’ve told you about our large-scale global survey of executives and employees in 26 countries. The survey has launched in all participating countries, and we are excited to learn and share perspectives and insights about the key issues, skills, benefits, and challenges companies face in preparing for the workforce of the future.

Now, we are inviting the Workforce 2020 community to participate in the research and share your views. The survey has two streams: one for current executives and another for non-executive employees. It should take about 15 minutes to complete.

 

Increased compensation as competitive advantage

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Employee pay and income inequality are big items in the news recently—rising awareness of the issue (thanks in part to Robert Reich’s documentary, Inequality for All, and Elizabeth Warren’s recently-released A Fighting Chance) has sparked debate in the US Senate over upping the federal minimum wage. Yesterday, Seattle Mayor Ed Murray announced a plan to increase the city’s minimum wage to $15 in an effort to address the widening wealth gap and set an example for the rest of the country just a day after a plan to raise the federal minimum wage was killed in the Senate.

Most of the vocal enemies of the pay increase are talking about the negative consequences for businesses, but companies should also be thinking about increased compensation as driver of competitive advantage. Will better-paid employees be more engaged, more loyal, and more productive? Compensation is a big part of worker attraction and retention—and we’ll be measuring how it stacks up against other benefits in our surveys.