In the past, most companies did not practice salary transparency. Now, it’s more common to discuss pay openly…instead of hiding it under a rock. This has helped narrow the pay gap, changing companies for the better. So, employees are trusting businesses more. And employers also get to enjoy a 30% increase in applications started. That’s… Read more »
Posts Tagged:Salary
20+ Must-Know Pay Equity Laws for Your Hiring
Being clear and transparent about employee compensation is a step towards pay equity. So, more and more states are starting to require it in job postings. And, many companies are listing salary info even if it’s not required by law. What Are Pay Equity Laws? Pay equity laws are rules designed to ensure that people… Read more »
How to Scale Your Remote Workforce Payroll for Growth and Success
Growth — the often elusive goal every business strives to achieve that comes with many practical, everyday challenges, especially from your HR and financial perspective. Even though the world is now officially the employee’s market, you, as the employer, have the chance to create the kind of remote environment that fosters retention and transparency. With… Read more »
7 “Must-Knows” about Job Postings with Salary Information [+ without]
Despite growing pay equity and transparency developments, many employers still hesitate to show their job postings with salary info. According to Payscale’s 2022 Compensation Best Practices, 68% of organizations share pay ranges with employees, but only 22% do so in the job ad. Many studies reveal that Gen Z and millennials are more interested in… Read more »
How to Attract and Retain Talent: 6 Reasons Salary Matters
In an increasingly competitive job market, it’s important to attract and retain talent in your business. Therefore, you must be open about things that matter like salary. Transparency about your salary helps boost your chances. Not sure why? Here are 6 reasons why salary is important to attract candidates: 1. Salary info attracts highly-qualified… Read more »
4 Examples of Pay Transparency Law’s Impact on Job Postings
Pay Transparency is hotter than ever. And equal pay laws are changing fast. 17 states now ban salary history to go along with 19 more local (cities, counties, etc.) bans, according to the great resource HR Dive (see Salary history bans). Some of the new state laws have an impact on your job descriptions/job postings. Not… Read more »
