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- Compensation transparency
- Transparency
- Transparency in Wage Structures Act
- Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013
- X-Video Motion Compensation
- Employment Standards Act
- Corruption Perceptions Index
- Equality Act 2010
- National Labor Relations Act of 1935
- Executive compensation in the United States
- Compensation transparency - Wikipedia
- The Real Effects of Pay Transparency in Business - SHRM
- Pay Transparency: What It Is and How to Do It Right | Built In
- Compensation Transparency: Building Trust Through Openness ...
- What Is Pay Transparency and Which States Require It?
- Pay Transparency: Definition, importance, and how to do it right
- Debunking 3 Myths About Compensation Transparency
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Wage transparency, salary compensation, and compensation transparency generally, involves disclosure of employee compensation amounts, either among other employees in an organization, to owners, to government regulators, or to the public.
Some jurisdictions have pay transparency laws intended to prevent discrimination based on demographics like gender or race. These laws require job listings to give a salary range for the position. To eliminate unintentional discrimination and treat employees more ethically, some organizations have adopted radical transparency, disclosing all employees' compensation internally and either equalizing pay for similar positions or justifying differences.
Some jurisdictions mandate disclosure of executive compensation to shareholders, in an attempt to reduce excessive compensation.
According to a 2024 review of existing evidence, pay transparency within a firm tends to narrow coworker wage gaps, but also incentivizes employers to bargain more aggressively to keep average wages down. Within-firm pay transparency also reveals to workers pay differences across different levels of seniority, which "can lead to more accurate and more optimistic beliefs about earnings potential, increasing employee motivation and productivity." Cross-firm pay transparency overall strengthens the power of workers against employers, as workers are more likely to seek higher-paying jobs, and negotiate higher pay at their current job.
A 2024 experiment conducted on employees at an Asian bank showed that revealing salaries of their managers, especially to those who predicted it lower than actual, led the employees to become more productive.
Compensation transparency by country
= Canada
=Under Ontario's Employment Standards Act it is illegal for an employer to "intimidate, dismiss or otherwise penalize an employee or threaten to do so" because the worker has disclosed their own wages or because the worker has inquired about the wages of another worker for the purposes of determining the employer's compliance with the law's Equal Pay for Equal Work provisions.
= United Kingdom
=In the United Kingdom, the Equality Act 2010 protects the rights of workers to discuss pay and forbids employers from prohibiting a worker's "relevant pay disclosure".
= United States
=Federal law
In the United States, the National Labor Relations Act protects the right of employees to discuss compensation without retaliation from their employer.
By state or territory
California, Connecticut, Hawaii, Illinois, Maryland, New York, Nevada, Rhode Island, and Washington have passed compensation transparency laws as of 2023. Some US cities also have compensation transparency laws, including New York City.
New York enacted a pay transparency law in 2023. The law requires employers to publicly disclose job salary ranges. Massachusetts enacted a pay transparency law in July, 2024, which applies to businesses with more than 24 employees, with data reporting for businesses with 100 or more employees.
Maryland's Equal Pay for Equal Work law states that "an employer may not prohibit an employee from inquiring about, discussing, or disclosing the wages of an employee or another employee".
See also
Equal pay for equal work § Transparency laws
References
Kata Kunci Pencarian:
What employers need to know about compensation transparency laws ...
How businesses push back on pay transparency laws
Compensation Transparency | Lappley & Associates
Pay transparency laws and what to expect for the future of work
Transparency in Sales Compensation | WorldatWork
Why salary compensation transparency can counteract equity | Meyer ...
Will Salary Transparency Laws Change Employee Compensation?
Dentist Compensation Transparency: How Do You Get Paid? | CDP
How to handle pay transparency | Canadian HR Reporter
The Importance of Compensation Transparency
Pay Transparency Compliance
How to comply with pay transparency laws
compensation transparency
Daftar Isi
Compensation transparency - Wikipedia
Wage transparency, salary compensation, and compensation transparency generally, involves disclosure of employee compensation amounts, either among other employees in an …
The Real Effects of Pay Transparency in Business - SHRM
Jan 27, 2024 · As game-changing pay disclosure laws take effect, business leaders have an important role in managing the compensation message and eliminating pay disparities. …
Pay Transparency: What It Is and How to Do It Right | Built In
Feb 20, 2024 · Pay transparency refers to companies being open about the compensation provided for current and prospective employees, as a step toward pay equity. Companies may …
Compensation Transparency: Building Trust Through Openness ...
Compensation transparency creates trust and accountability by publicly revealing wage information, ensuring employees understand their total remuneration package. Additionally, it …
What Is Pay Transparency and Which States Require It?
Apr 5, 2023 · Pay transparency occurs when an employer provides information about compensation. Eight states and six local areas require pay transparency. Pay transparency is …
Pay Transparency: Definition, importance, and how to do it right
Pay transparency is the practice of openly sharing compensation information with current and prospective employees in the pursuit of pay equity. Pay transparency is also one strategy …
Debunking 3 Myths About Compensation Transparency
Oct 26, 2022 · Below, we’ll take a closer look at compensation transparency, its benefits, and some of the most common misconceptions you need to know (and avoid) to ensure your …