Preparing for the Salary Discussion Revolution
Are you ready to talk transparently with your employees about their pay?
For years, the unwritten rule has been not to discuss salaries at work. The worry was that if employees talked and compared salaries, some would feel unfairly treated, affecting their engagement, productivity and retention.
However, with candidates and employees demanding more information about employers’ pay practices, and states and localities increasingly requiring pay transparency, organizations will need to adapt to this evolving landscape. This report provides key insights into how to prepare for those discussions. Transparency is not one-size-fits-all, and it is critical for organizations to develop a thoughtful strategy that aligns with organizational goals.
While transparency has many benefits—from advancing pay equity to building employee trust and loyalty to improving recruitment—employers must balance competing interests and navigate challenging conversations along the way.
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