Employers are overpaying to lure talent, Gartner says
Valerie Bolden-Barrett | June 14, 2019
Employers are, on average, offering new talent 15% pay increases to come on board, according to Gartner's 1Q19 Global Talent Monitor. But employees only expect about a 10% increase when switching employers, and this practice can drive current employees away, the research and advisory company noted. "Not only are U.S. employers often paying too much to new workers, but once tenured employees discover discrepancies between their salaries and those of new colleagues, they may be more inclined to look for another position elsewhere," said Brian Kropp, group VP in the Gartner HR practice, in a statement. Gartner said it instead recommends employers strengthen their employee value proposition (EVP) by concentrating on key areas that employees and the market have deemed valuable. That includes compensation and benefits but also career and development opportunities, work-life balance and job-interest alignment.