09 January 2023
According to WorldatWork’s 2020 Pay Transparency Study, 67% of organizations in 2020 now view pay transparency as increasingly important. However, the report, which was conducted with underwriting support by Mercer, shows that only 14% of organizations are giving pay transparency more than a “moderate” level of attention.
This disconnect between acknowledgement and action provides an opportunity for organizations. Given the “new normal” of pay transparency in modern business, now is the time to go one step further and put your pay transparency story into action in a way that impacts employee experience.
The business case for pay transparency covers three distinct areas:
Download this article to better understand:
The difference between pay equity and pay transparency
The expanded business case for pay transparency
Three typical barriers to pay transparency (and how to start overcoming them)
A roadmap for organizational pay transparency
Pay transparency during Covid-19