U.S. employees are an unhappy lot these days, with a substantial proportion believing that they're being underpaid relative to others who hold similar jobs, whether at their own or at other companies.

And for all they know, they could be right: Barely half of employers even have a process in place to ensure that their employees are paid fairly.

According to Willis Towers Watson's 2016 global workforce study, just 53 percent of employees feel they're being compensated fairly, compared with others who fill similar positions in other companies, while 24 percent say they are not. And when it came to their own companies, 55 percent of workers say they are being paid fairly compared to coworkers in similar jobs, while 22 percent say they are not.

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