Pay People What They’re Worth (Here's the hard truth) It’s simple: Fair pay isn’t just a line on a budget. It’s a reflection of your values. Here’s the deal: ➟ Employees know when they’re underpaid. ➟ They’ll give their best to those who value them. Think about it: 💡 Do your pay practices match your culture goals? 💡 Are you compensating for loyalty, or just waiting for them to leave? Here’s how to start building trust through pay: 1️⃣ Benchmark salaries → Research industry standards and stay competitive. 2️⃣ Value experience → Reward tenure and expertise, not just performance. 3️⃣ Be transparent → Explain how pay decisions are made. Clarity builds trust. 4️⃣ Invest in growth → Create pathways where pay grows with skill and impact. The cost of undervaluing talent? High turnover, disengaged teams, and lost opportunities. Retention starts with recognition. And compensation is the loudest form of it. 💬 Do you think employees will stay loyal without fair pay? Yes or no? ♻️ Share this to help your network. And follow Christopher Rainey for more actionable insights. 📌 P.S. Subscribe to our FREE newsletter. Join 120,000+ HR professionals who receive weekly tips via email and social https://lnkd.in/eAdb6ydY
As our film production team grows, I’ve had the privilege of working with many talented contractors. One of the first things I always ask them is, “What’s your rate?”—and it often catches them off guard. I’ve realized this isn’t a question they hear enough. To me, contractors are essential to the growth and success of my business. I deeply value their skills and contributions. Even when a project’s budget doesn’t align with their rate, I make it a priority to find ways to reflect their worth in future projects. Transparency is key—because I believe in building relationships based on respect, honesty, and a shared commitment to great work.
This "Do you think employees will stay loyal without fair pay?" I'd like to turn it around – is that the company you'd like to be, what do you think you'll gain from it (as an org) and do you even respect your people? Would YOU (as a HM) go above and beyond without fair pay? In the end it always costs more to pay less, either through disengagement, high staff turnover, increased recruitment costs, sick leave etc
Fair pay really speaks volumes, doesn't it? It’s all about valuing people. What do you think keeps talent around these days?
yes and also pay for the role they're in and the results they are expected to deliver. I don't subscribe with using what they're currently making as the baseline. I do think theres a difference between a total beginner (learner), an independent contributor (consistent delivery of results) and a teacher (does AND teaches) and we should compensate accordingly
Fair pay demonstrates respect and fosters long-term trust within teams. Christopher Rainey
Absolutely an alarming point right there
Fair pay truly reflects an organization's values and commitment to its employees Christopher. Ensuring transparency in compensation can significantly enhance trust and retention within teams.
If you want them to stay, show them they’re worth it in every way 🙌 Christopher
Spot on. Transparent pay practices build trust and loyalty. Companies can't afford to overlook this.
Talent Creator | 5x Author | Founder of The Leadership Academy Platform | Human Talent & Leadership Consultant | Speaker 👉 Daily posts on Creating Leaders at All Levels
1wIn fact, Pay MORE When I hired people, and I decided I wanted to the person, I asked: "You saw the salary range. What are you looking to make?" 99 percent of the time they would come in at mid-level or slightly higher. I would say so this is what you want to make? I am going to offer you this amount - and it would be 2 to 10K more. And I would say, "I don't ever want money to be an issue with me or this organization. It is an issue - but if you perform - the money won't matter. And if I perform - the money won't matter. I want to get us off on the right foot so you never have to guess if you got a good deal. And I would ask, Does this make sense? I have never had a time when I regretted this approach - in fact - people stepped up and did more and contributed because they knew I wouldn't cheat them. Try this approach and see. Joe Murphy