Pay Transparency Is Not Just 'A Compliance Exercise'
HRDIVE, February 27th, 2023
Sharing pay ranges has a competitive stake for companies, talent and compensation professionals say.
As more states and municipalities pass pay transparency laws, companies need to view it as more than 'a compliance exercise,' panelists said during a webinar Thursday hosted by consulting firm Mercer.
'This is reflective of your culture,' said Ben Carter, senior vice president of talent services and rewards at Workday, a system software company. 'You really should be thinking about this much broader than a compliance exercise and 'think' more about, 'What is our approach going to be? How does this align with our culture? How does this align with our core values?''