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employees who were underpaid—that is, paid less than the market rate for their position—were more satisfied with their work when their company was transparent about compensation. The percentage of underpaid employees who were satisfied with their compensation jumped to 82 percent from 40 percent when a manager simply sat down and discussed their pay. On the other hand, 64 percent of employees who were paid fairly (at market rate) believed they were underpaid, and would consider looking for higher-paying work elsewhere. The research shows that dissatisfied employees left even if their pay went up. - www.bloomberg.com
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transparency