Pay Transparency

What is Pay Transparency?

Pay transparency is the practice of businesses openly sharing pay and compensation information.

What information is included in pay transparency?

• Pay rates for specific roles within the organization
• The structure for commission or bonuses paid in your company
• Raises
• Benefits
• Health Insurance
• Some companies are even sharing individual employees' salaries.

What are the benefits of pay transparency?

• Hiring and recruiting become easier when job seekers can tell if the offered pay is in line with the rest of the company.
• Improved employee morale if they can see that they are being paid fairly for their individual job.
• Your HR department can stay up to date with what your competitors are paying.
• Pay equity