Let Corporate Strategy and Culture Guide Adoption of Pay Transparency
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  • TAGS
  • FUTURE OF WORK
  • HUMAN CAPITAL ANALYTICS TOOLS

Let Corporate Strategy and Culture Guide Adoption of Pay Transparency

October 28, 2022 | Report

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Government mandates requiring wage and salary disclosures are increasing. The potential for unintended consequences is real, but with thought and preparation, firms and workers can benefit.

Driven by demands for pay equity and to improve workers’ bargaining position, the movement toward greater pay transparency is gaining momentum. Firms that resist, or stick to the letter of the law, may generate mistrust among employees and other stakeholders, leading to workplace discord and higher attrition. Those that embrace the spirit of the mandates and thoughtfully go beyond can gain a recruiting, retention, and performance advantage.

AUTHORS

LeeMiller

Lee Miller

Senior Fellow, Human Capital
The Conference Board
Professor
Columbia University School of Professional Studies

AllanSchweyer

Allan Schweyer

Principal Researcher, Human Capital
The Conference Board

MarkRoberts

Mark Roberts

Analyst, Human Capital Center
The Conference Board

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