Every employee wants to be treated fairly. As organizations compete for top talent in a complex and high-risk environment, pay transparency and a relatable EVP can help them deliver an enhanced work experience for all employees.
Pay transparency is a matter of fairness. In part, it’s about making objective and consistent decisions around pay, promotions and other rewards. Yet with pay legislation on the rise and employee trust declining, what begins as a compliance exercise could lead to more open dialogue around pay and performance — and what employers can do to close the gap.
A winning EVP reflects employees’ values, needs and experiences to drive attraction and retention. It covers a range of unique motivations and preferences while also uniting the workforce behind a shared sense of purpose and better health, wealth and career outcomes overall.
Employers of choice understand that pay transparency and the EVP are more than competitive differentiators — they are foundational to growth and success.
