Pay Transparency: One Size Does Not Fit All

Pay transparency is a reality in several states and many organizations are not ready. A number of states and localities have enacted legislation, and employees are increasingly applying pressure on their employers for greater visibility into pay ranges, structures and the rationale used for compensation decisions.

Implementing pay transparency entails more than the mechanics of disclosing pay information. Consideration of strategic matters, such as the impact on culture, retention, employee experience and the ability to attract top talent is critical. We believe that employers who embrace transparency with the above considerations in mind will boost engagement and retention, while competing more effectively for talent.