Photo by Travis Essinger on Unsplash
In spite of the proliferation of pay transparency laws in recent years, the subject is not solely a matter of compliance for employers.
Employees largely value pay transparency and hope to work for employers that oblige, according to a Randstad survey published this month. The firm found that 70% of U.S. worker respondents were more likely to apply for a job for which pay or pay ranges were readily available. That included more than 80% of workers ages 18 to 24.
Current employees, too, are likely to bring pay to the forefront of in-house discussions in the near future. Recent data from Robert Half showed that about two-thirds of workers planned to ask for a raise before the end of 2023. Relatedly, Randstad’s survey found that 68% of workers would request a raise if they knew their co-workers in similar roles were making more than them.
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