Indeed, Forbes, & the Beeb!
Pay Transparency is still in its swaddling blanky, yet has already gone global!
Pay transparency means 82% of candidates are more likely to apply (SHRM).
90% of contingent workers will move for better pay (Forbes).
Pay & benefits transparency are both powerful recruitment sales tools (Indeed).
“Providing salary information helps close the wage gap and creates a hiring advantage for employers - a tool now frequently used in a tight labor market.”
Four out of five candidates won’t apply without transparency according to the BBC.
This sort of behavior [wide pay-range loopholes] indicates that there’s still much work to be done… “Employers posting wide salary ranges do little to help prospective employees know how to negotiate an appropriate salary,”... however, “courts and regulatory bodies will eventually weigh in as contested cases move through the system.”
Pay transparency is not going away (SHRM).
Equity Powers Success®
Pay Equity → Pay Transparency
Transparency → Trust
Trust → Better Brand
Brand → Better Candidates
Better Employees → Bigger Profits
Bigger profits → Success