Preparing for pay transparency with compensation communications
Preparing for pay transparency with compensation communications
5 PagesSalary range transparency is becoming essential for fair pay as more states and cities pass legislation requiring pay ranges in job postings. However, only 32% of employees believe their pay is fair, highlighting the need for better communication. Organizations can build trust by actively communicating about pay, using tools like total rewards statements. Pay communication doesn't require full transparency but should align with an organization's pay strategy. Regular, clear communication helps motivate, engage, and retain employees by showing that their contributions are valued. Payscale offers solutions to help organizations navigate pay transparency effectively.
