Team Set Salaries Can Solve The Big Quit – Experts Explain Next-Gen Compensation

Jan 13, 2022

The Great Resignation is showing us that something is seriously broken. Learn why Percival’s team set salaries tool is the modern and collaborative approach to employee retention.

Team Set Salaries Can Solve The Big Quit – Experts Explain Next-Gen Compensation

If you’ve ever worked for a large corporation, you’ve probably felt more than a little annoyed when you see their huge profits compared to your poultry pay-check. Imagine if you could actually have a say in how much you get paid. Well, that’s exactly what this collaborative compensation tool is all about.

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Judging by the number of people who quit their job this year, it really is time for a different approach. With, companies now have a way to set salaries that are fair, and that you and your team members actually agree are fair.

Also known as the Big Quit, the Great Resignation refers to a recent trend that has seen significant numbers leaving their jobs. According to the US Bureau of Labor Statistics, 4 million Americans resigned from their positions in July 2021, and a further 4.4 million quit in September.

Interestingly, the largest number of voluntary departures came from the 30-45-year-old age group. The author of Percival’s new report states that several things can be inferred from this statistic. Most notably, it suggests that many of us feel exploited, and that we have been feeling like this for a long time. Finally, someone gets it.

In the first instance, the company reports that payment of fair salaries may help to avoid many of these concerns. Given that each industry has its own, unique demands, it also suggests that a collaborative tool such as its own can be more versatile.

About Percival

Applying the concept of team set salaries, the platform is a next-generation compensation process that allows you to submit individual performance appraisals. A sophisticated algorithm then apportions the available budget accordingly. The tool includes a straightforward UI, and the company states that the first round of appraisals could be completed in as little as 15 minutes.

A company representative stated: “Percival is the only tool that produces a fair, actionable result with the percentage of the compensation pie that each person deserves, in the team’s collective opinion. The evaluation is made in a collaborative way so results are not only fair but perceived as fair.”

It’s time for a modern approach to salaries. Click on so you can learn more.

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