Pay transparency has gained traction as many states mandate disclosure of salary ranges, yet a recent report reveals persistent concerns among workers. Surveying nearly 2,000 individuals in the U.S. and U.K., findings show only 38% of respondents understand their pay calculations, while many feel performance reviews lack objectivity. Additionally, nearly 60% state their companies do not disclose gender pay gaps, indicating insufficient effort to address pay equity. Concerns over wage stagnation and inflation adjustments further exacerbate frustration among employees, underscoring the limited impact of transparency laws.
In recent years, pay transparency has grown increasingly common as many states have passed legislation to help arm workers with more data as they enter into salary negotiations.
Despite progress in pay transparency, a report shows many workers feel they lack insight into compensation determination, with only 38% understanding their pay's calculation.
Nearly 60% of U.S. employees said their company did not disclose information on gender-based pay gaps, highlighting a lack of accountability in addressing pay equity.
Wage stagnation remains a concern with almost half of workers reporting no pay increase in the past year, worsened by inadequate transparency and inflation adjustments.
Collection
[
|
...
]