



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Operations

Pay transparency reduces turnover, Payscale research indicates

HR Dive

June 6, 2023

Operations

Pay transparency reduces turnover, Payscale research indicates

HR Dive

June 6, 2023

Photo by Glenn Carstens-Peters on Unsplash

Pay transparency generally improves employee retention rates, according to June 1 research from Payscale.

In fact, compensation transparency decreases intent to quit by 30% when analyzed in isolation, the organization said. When it comes to Generation Z, however, Payscale said pay transparency “surprisingly” increases job seeking behavior by 3%.

“This is likely due to younger workers being more motivated to change jobs for a larger salary, especially if they see higher pay ranges advertised and don’t understand the rationale behind their current pay,” the firm said. This finding underscores the need for standardized compensation strategies and clear communication about how compensation is set, it said.

Additionally, Payscale found that when employees believe their pay is unfair, they’re much more likely to leave. Employees may notice, for example, that their raises aren’t keeping pace with advertised salaries. That means employers must do more than post pay ranges, the organization said; “they must also communicate how pay is determined, why it is competitive to the market, and how it can be progressed.”

HR pros can work to provide total compensation statements that show employees how their pay is set and what other items factor into their overall rewards, experts previously told HR Dive. They also said it’s crucial that managers be trained to deliver these statements and be prepared to answer workers’ questions.

Read the full report here.

Clarity around compensation “surprisingly” increases job-seeking behavior for Gen Z

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events

Detecting AI in Hiring: Ensuring Fair Candidate Assessment

Online
-
to
August 20, 2025

Marketing Brew Summit

New York, NY
-
to
September 10, 2025

Indeed FutureWorks

New Orleans, LA
-
September 10, 2025
to
September 11, 2025
View All Events
Related Articles

How to keep a workplace functioning in the face of layoffs

Gwen Moran

July 7, 2025

Most US employers plan to shift their benefit strategy in coming years, survey shows

HR Dive

June 18, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
