Pay transparency is here to stay: Best practices and action steps for HR
2023-04-14 | News
HR Morning – Pay transparency laws enabling job candidates to see salary ranges of open positions are becoming more commonplace as companies try to attract top talent in a tight labor market. According to Maggie Smith, Senior Vice President of HR at Traliant, pay transparency can be a competitive advantage by improving the recruiting process and lowering recruiting costs.
Here’s an excerpt:
“Done right, pay transparency can reap impactful benefits for the employer and the employees. Being upfront about salary ranges in a job description can help save the company and candidates alike time, resources and energy if salary expectations don’t align.
“Further, being open and honest about pay ranges contributes to creating a work culture of trust and transparency,” says Maggie Smith, senior VP of HR at Trailiant.