Pay transparency is rising on the list of employees’ demands, and employers should consider preparing to provide it. There are different ways employers can increase their pay transparency, and doing so may help improve attraction. Further, some jurisdictions already require pay transparency, so employers should confer with local legal counsel to ensure compliance with applicable laws.
This article discusses rules surrounding pay transparency across the country and workers’ growing demand for it. This article also explains employer advantages and strategies to implement pay transparency practices in an organization.