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Pay transparency in private sectors is a divisive topic. Employers worry that implementing full pay transparency—allowing every employee to view what his or her colleagues earn—in the workplace will foster resentment among team members and limit employers’ bargaining power in recruitment.
Pay transparency has been the gold standard for fighting all kinds of pay inequity. Recent research by PayScale claims that pay transparency does, in fact, solve the gender wage gap. I spoke with an expert about the findings, as well as some of her own research, and she believes pay transparency must be part of […]
A recent study by Mercer titled “2019 Global Talent Trends Study” found a large gap between employees’ and HR’s understanding of how many employees would leave for better pay. The study raises important questions about pay transparency.
In part one of this article series, I was discussing the pay inequality within the U.S. Women’s Soccer team with Tom Cunningham, Vice President of People at Pariveda and Charles Bendotti, Senior Vice President of People and Culture at Philip Morris International (PMI). To listen to the entire episode, click here.
In a previous post, we discussed that 31% of U.S. employees—in a recent Beqom survey—feel they are not being paid fairly based on age or race, while 48% believe women are underpaid relative to men.
In a previous post, we discussed that 31% of U.S. employees—in a recent Beqom survey—feel they are not being paid fairly based on age or race, while 48% believe women are underpaid relative to men.
Today’s employees expect the companies they work for to deliver openness and transparency in, essentially, all of their business practices. This includes everything from communicating leadership changes, making adjustments to the business model, revealing news around potential acquisitions and, most of all, providing access to corporate-wide salary data.
The debate over the value of salary transparency has heated up in recent years, with neither side giving much ground. But Kristin Wong describes some studies that weigh in favor of transparency on New York magazine’s Science of Us blog.
One half of U.S. companies say their biggest challenge in complying with the forthcoming pay ratio disclosure rule is forecasting how their employees will react, according to a poll by Willis Towers Watson, a leading global advisory, broking, and solutions company. The poll also found nearly half of respondents haven’t considered how, or if, they […]
Transparency is a corporate value to strive for, but not all companies are ready to be completely transparent about pay. While some employers feel the benefits of open salary policies outweigh the risks, others are understandably concerned about the potential challenges they can create.