Tag: pay transparency

Biden Admin Issuing Salary Rules to Eliminate Gender, Racial Gaps

On January 29, 2024, the Biden administration announced two new measures aimed at eliminating gender and racial gaps in average earnings among employees of the federal government and federal contractors.  Details First, the Biden administration has directed the Office of Personnel Management (OPM) to issue a final rule prohibiting the use of nonfederal salary history […]

The Impact of the Economy on 2024 Compensation Decisions

In an economic landscape marked by rising inflation, businesses are facing new challenges in managing employee compensation. The delicate balance between maintaining financial stability and ensuring employee satisfaction has never been more critical. For business managers and HR professionals, understanding and adapting to these changes is not just a necessity but a strategic imperative. Here […]

What Does Pay Transparency Have to Do with Job Descriptions?

Legislation such as banning inquiries about candidates’ salary histories and requiring pay ranges in job advertising is forcing employers to become more intentional about their compensation plans. These new laws are designed to shrink the existing pay gap between male and female employees and to prevent disparate impact on candidates who belong to protected classes. […]

Faces of HR: Robert Boersma on Trust, Listening Deeply and Living to Work

HR Daily Advisor’s 2023 Employee Benefits Week is well underway and it doesn’t stop with our latest Faces column. Despite high-profile layoffs and an increased unemployment rate, the current job market may be tight but still robust, as candidates continue to seek new opportunities. Benefits and compensation continue to be not only a hot topic but […]

7 Things Gen Z Workers Value Most

As digital natives, Gen Z workers have the potential to bring unique skills and valuable perspectives to the organizations where they work. Having experienced significant challenges at a young age, including the COVID-19 pandemic and entering the workforce during a period of considerable uncertainty, Gen Zs possess a distinctive combination of resilience and empathy that […]

Emerging Analysis Sheds Light on Effectiveness of Pay Transparency Laws

Income inequality is one of the most impactful and persistent sources of broader inequality in the United States, with women, Hispanics, and African Americans earning considerably less than white and Asian men. To address this problem, jurisdictions around the country have turned to pay transparency laws, which require employers to share pay information with job […]

How Companies Can Navigate New Pay Laws Currently in Effect

Since the start of the new year, many states have introduced pay compliance laws. As a result, companies are now faced with the difficult task of defining their compensation with clarity and making critical decisions about how pay ranges will be defined within their personnel budgets. Although it’s a tough job, there is a silver […]

The Rise of Pay Transparency in the U.S.

With the tight labor market impacting the country for the past couple of years, it’s not uncommon to see signs advertising job openings along with the starting pay and even sign-on bonuses. Despite the increased prevalence of such job ads, the reality is that there has traditionally been very little pay transparency, at least in […]

What We Talk About When We Talk About Pay Transparency

Since November 1, 2022, New York City employers have been required to include pay ranges in job postings. The new citywide pay transparency rules have reignited a national conversation around whether such legislation truly helps companies keep and attract talent. While pay transparency laws will also go into effect in Colorado, California, and Washington state […]

Anxious About Pay Transparency? Don’t Be

Many of us have worked in a workplace that didn’t talk openly about pay. Employees didn’t want to disclose their salaries for fear their peers would think they were over- or underpaid, and employers were more than happy to keep quiet. (Some even issued gag orders.) All that is changing—fast. New laws from bellwether states […]