"Employees who say they're fairly paid are twice as likely to say they understand why they're paid what they're paid," said Lucy Brown, a DEI and pay equity consulting leader at Mercer. This highlights the importance of transparency in employee satisfaction and understanding of wages.
Nearly half of U.K. employers plan to introduce salary information in job listings, increasing from 17% currently, reflecting a shift toward greater transparency in hiring practices.
Last year, a study found that 85% of Gen Z workers were "less likely" to apply for a job if the salary range wasn't listed, indicating a strong preference for salary transparency.
While historical reluctance to disclose salaries stemmed from fears of pay disputes among employees, changing labor dynamics and compliance pressures are driving employers towards transparency.
[
Collection
]
[
|
...
]