Transparency gives companies a leg up over the competition
According to recent research released by The Society for Human Resource Managers (SHRM), companies who are transparent about the salary pay of their employees tend to have favorable results when hiring. Of 1,300 HR professionals surveyed, 67% said that their company voluntarily shares salary range when posting a job listings, despite not being legally obligated to do so in their region.
Pay transparency can make organizations more competitive by attracting top talent, retaining employees, improving performance, enhancing reputation, and driving innovation. By creating a culture of trust and fairness, organizations can build a strong team that is capable of achieving success and driving growth in a rapidly changing business environment.
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