In recent years, organizations everywhere have witnessed a fundamental shift in corporate pay practices resulting from employees’ demand for greater pay transparency. Most HR and business leaders already know transparent pay practices are becoming increasingly important, but they struggle to understand rapidly changing (and sometimes, poorly defined) legislation. The best approach for putting pay transparency into practice still remains unclear – especially since each organization must also consider its unique company culture and business strategy.
In this guide, we’ll help you answer the following questions:
- What’s driving pay transparency, and why does it matter?
- How can you make a strong case for pay transparency in your organization?
- What’s the right level of transparency for your company, and how can you enforce it?
- How are other organizations approaching pay transparency?
- What are some practical tips for making transparency work over the long-term?
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