Tag:salary disclosure
The Wave of Pay Transparency Laws: Why We Should Discuss Our Salaries
Your employer may discourage you from discussing your compensation with your co-workers, but did you know it’s not actually illegal? For example, some managers may portray to you that if you ask about your coworker’s pay, you might as well start packing up your belongings. In addition, most of us are uncomfortable with broadcasting our salary, but what if this secrecy is the reason for the conflict? If we removed that secrecy, it would allow for salary transparency to be standard in the workplace, eliminating the economic marginalization of workers and closing the wage gap.
Put the Salary in the Job Description – Pay Transparency Laws’ Impact on Hiring and Pay Equity
Lately, more and more job applicants seem to want to know the expected salary prior to applying to a job. In 2018, LinkedIn conducted a survey of 450 members asking which parts of a job description they found the most important. When surveyed, sixty-one percent reported that compensation was the most important, indicating that compensation is a key factor for many applicants in evaluating whether a potential job opening is worth their time. Although companies offer their reasons for keeping salary information from applicants, pay transparency, especially in the recruiting stages, is one of the main ways to achieve pay equity