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Three Ways for Employers to Boost Pay Transparency for an Improved Workplace Culture

November 29, 2018

Via: HR Hero

Today’s employees expect the companies they work for to deliver openness and transparency in, essentially, all of their business practices. This includes everything from communicating leadership changes, making adjustments to the business model, revealing news around potential acquisitions and, most of all, providing access to corporate-wide salary data.

The 2018 Compensation and Culture Report by beqom reveals that employees are already discussing pay amongst themselves, with 45% of U.S. workers admitting they already know how much their colleagues make and another 46% claiming to have shared or discussed their salary with colleagues. What’s more, over half (60%) of U.S. workers want to know their CEOs salary, primarily because they believe pay transparency creates a better company culture (28%).

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