Ask an Advisor: The More You Know ... The More You Need Pay Transparency!
Who remembers the public broadcasting commercial “The More You Know”? The premise was to educate the audience on a topic with the intent of helping them make better decisions.
Could this same premise apply to pay transparency? Employee attraction, retention and engagement are critical factors in today’s labor market, and workers’ understanding of employers’ compensation programs may improve all three factors. The SHRM HR Knowledge Center often receives questions regarding employee compensation, such as whether employers can prohibit salary discussions among employees and what to do about employee complaints that...
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