Mashable.com posted a recent article titled "Top 10 U.S. Cities With the Most Satisfied Employees". The data regarding compensation is particularly interesting. Using a 5 point scale where 5 = Very Satisfied and 1 = Very Dissatisfied, respondents ranked their satisfaction with their compensation. WE DID IT! We now have evidence that compensation is not a differentiator...anywhere. Oops. Employees in the top 50 US metro areas are averagely satisfied by their pay. Scores for 48 locations ranged from 3.0 to 3.3. Only Washington D.C. (3.4) and San Jose (3.5) were outside of this range (although still very average.)
It may be time to stop claiming that our compensation programs are designed to attract, motivate. Or it may finally be time for us to look beyond "doing what everyone else does." and start doing something special and important with your pay programs.
Average is is just that. Wouldn't be great if at least a few locations (maybe yours) had scores above 4.0 in 2015?