• My Listings
Expert Circle
  • Expert Panels
    Expert Panel: How to Develop a Content Strategy

    Expert Panel: How to Develop a Content Strategy

    Expert Panel: If you could only do one thing in an organisation to improve the sense of belonging, what would it be?

    Expert Panel: If you could only do one thing in an organisation to improve the sense of belonging, what would it be?

    Expert panel: What are the benefits of coaching and mentoring?

    Expert panel: What are the benefits of coaching and mentoring?

    Expert Panel: What is one change you recommend making to enhance culture and productivity

    Expert Panel: What is one change you recommend making to enhance culture and productivity

  • Get Featured
    Contribute to the panel: should companies disclose salary information in job descriptions?

    Contribute to the panel: should companies disclose salary information in job descriptions?

    Contribute to the panel: how to manage toxic people in your team

    Contribute to the panel: how to manage toxic people in your team

    Contribute to the panel: If you could only do one thing in an organisation to improve the sense of belonging, what would it be?

    Contribute to the panel: If you could only do one thing in an organisation to improve the sense of belonging, what would it be?

    Contribute to the panel: How do you deal with the negativity without letting it drag you down as the leader?

    Contribute to the panel: How do you deal with the negativity without letting it drag you down as the leader?

    Contribute to the panel: What are the benefits of coaching and mentoring?

    Contribute to the panel: What are the benefits of coaching and mentoring?

    Expert Panel

    Contribute to the Expert Panel: What are the important factors to consider before starting a business?

  • Branded Content
  • Media Pack
No Result
View All Result
Expert Circle
No Result
View All Result
Home Business Management

Salary Transparency or Company Downfall?

by Hali Smith
February 16, 2023
in Business Management, HR & Recruitment
Reading Time: 3 mins read
0
Salary Transparency or Company Downfall?
10
SHARES
36
VIEWS
Share on LinkedinShare on Twitter

Should Job Post Include Salary Rates?

The hiring market debate has included salary transparency and if they are beneficial to the applicant but detrimental to the business. The decision of whether or not to include salary postings in job postings is a controversial one. On one hand, salary postings can give job seekers a better understanding of the positions they are applying for and the value of their skills and experience. On the other hand, salary postings can be a deterrent for employers who may be looking to pay lower rates than what is being advertised. Ultimately, the decision of whether or not to include salary postings in job postings is one that should be considered carefully by employers looking to attract the best talent.

Why Should They (Pros)? Pay Transparency. 

When HR departments neglect to include salaries this leaves room for racial and gender wage gaps. Companies like Apple, Disney, Google and Meta (formally Facebook) are required to post pay ranges since the salary transparency bill went into effect 1 January 2023 in California, USA by Gov. Gavin Newsom. This caused major national and international discussion. 17% of US companies made the change without being required by law and 62% are planning or considering the change according to the 2022 Pay Clarity Survey.

The new law also requires employers to provide the slavery range for current employees when asked. Even W-2 contract workers’ pay data is now being monitored by the California Civil Rights Agency to ensure fairness based on gender, race and ethnicity. The goal of gathering the data is to make employers aware of the “occupational segregation” that may be embedded within their company.

Why Should They Not (Cons)? Hiring Complexity 

With the new adjustments, this adds a layer of responsibility when posting a job for employers. The pay ranges not only differ for position but by location. For example, if a company plans to open roles for an international team there as to be research to determine the pay range for the location, compare it to the budget and run it up the chain of command. Overall could lead to opportunities with salary information coming out slower despite the extreme need for hiring worldwide. 

Global cities like New York, USA even argued that salary transparency makes it harder to hire diverse candidates because they offer high compensation for BIPOC (black, indigenous, and people of color) candidates. They suggest that because of this the pay scale would be larger and candidates would not be happy with what the company is willing to offer candidates.

So Should They? Depends On Who You Are, the Hiring Manager or the Applicant.

According to HR News, 26% of professionals are not applying to jobs without the salary being clear. However, 17% of employers said they would never include salary information if not required by law. Head of Permanent Appointments (UK&I), Gaelle Blake commented:

“There’s arguably never been a more challenging time for employers in attracting and retaining talent as the number of job vacancies in the UK continues to climb. What this means is that employers can’t afford to alienate potential talent.

Considering over a quarter of professionals wouldn’t consider applying for a role without knowing salary expectations, employers need to think carefully if they aren’t making this information available….Ultimately, transparency is key.”

Share1Tweet3Share4SendShareSend

Hali Smith

Related Posts

Investing in Gen Z Interns: why it’s a smart move for Professional Services
Business Management

Investing in Gen Z Interns: why it’s a smart move for Professional Services

March 24, 2023
10
Top Tips for Working with Contractors in the Engineering Industry
Business Management

Top Tips for Working with Contractors in the Engineering Industry

March 15, 2023
2.7k
Why negotiations are important & who can negotiate with whom
Business Management

Why negotiations are important & who can negotiate with whom

March 14, 2023
5
How to deal with a toxic work environment
Business Management

How to deal with a toxic work environment

March 14, 2023
14
Mrs. Universe Juanita Ingram on the transformative power of purposeful work for women
Careers and Education

Mrs. Universe Juanita Ingram on the transformative power of purposeful work for women

March 8, 2023
189
How to develop trust when managing a team online?
Business Management

How to develop trust when managing a team online?

March 6, 2023
39
5 tips on how to create a great team-building event
Business Management

5 tips on how to create a great team-building event

March 2, 2023
9
5 tips on how to help your team deal with burnout
HR & Recruitment

5 tips on how to help your team deal with burnout

March 2, 2023
8
How coaching and mentoring works?
Business Management

How coaching and mentoring works?

February 20, 2023
7
black and white typewriter on white table
Business Management

Business criticism: how to manage it when starting a new venture?

February 13, 2022
4.6k
Next Post
Start Your Own Cleaning Service: Maid Service, Janitorial Service, Carpet and Upholstery Service, and More (StartUp Series)

Start Your Own Cleaning Service: Maid Service, Janitorial Service, Carpet and Upholstery Service, and More (StartUp Series)

How to use the “Golden Circle” concept by Simon Sinek

How to use the "Golden Circle" concept by Simon Sinek

Start a Business in Virginia (SmartStart) Kindle Edition

Start a Business in Virginia (SmartStart) Kindle Edition

Call to Action

Categories

  • Book and Movie Club
    • Book Review
    • Business Library
    • Movie review
  • Business Management
    • Accounting
    • Careers and Education
    • HR & Recruitment
    • Startup
  • Current Affairs
    • Notes From Ukraine
  • Expert Panel
  • Finance
    • Investing
  • Get Featured
  • Leadership
    • Coaching and Mentoring
    • Motivational
  • Lifestyle
  • Marketing
    • Blogging
    • Design
    • Digital Marketing
    • Email Marketing
    • Networking
    • Podcast
  • Sales
    • Objection Handling
  • Uncategorized

Advertisement

Black Friday Week 2021 v2

Categories

  • Book and Movie Club (171)
    • Book Review (18)
    • Business Library (146)
    • Movie review (1)
  • Business Management (37)
    • Accounting (1)
    • Careers and Education (4)
    • HR & Recruitment (10)
    • Startup (6)
  • Current Affairs (17)
    • Notes From Ukraine (17)
  • Expert Panel (13)
  • Finance (1)
    • Investing (1)
  • Get Featured (12)
  • Leadership (42)
    • Coaching and Mentoring (3)
    • Motivational (12)
  • Lifestyle (10)
  • Marketing (72)
    • Blogging (20)
    • Design (1)
    • Digital Marketing (23)
    • Email Marketing (1)
    • Networking (4)
    • Podcast (2)
  • Sales (4)
    • Objection Handling (1)
  • Uncategorized (2)

An Award-winning Platform

Top categories on Expert Circle

  • Book Club
  • Business Management
  • Leadership
  • Marketing & Sales

Opportunities on Expert Circle

  • Branded Content
  • Promote Your Website
  • Media Pack
  • Get Featured
  • Expert Panels
  • Terms and Conditions
  • Privacy Policy

© 2021 Expert Circle

No Result
View All Result
  • All posts by Experts
  • Get Featured
  • Expert Panels
  • Promote Your Website
  • Branded Content
  • Media Pack

© 2021 Expert Circle

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.