Pay transparency remains a complex topic, with companies largely keeping compensation info within Finance and HR. This trend persists despite the introduction of new pay transparency laws, indicating that there's still work to be done to create more equitable, transparent workplaces. Pay transparency empowers employees to negotiate salaries, reduces pay gaps, and builds trust. It also benefits businesses by attracting top talent, boosting retention, and strengthening their employer brand. In distributed teams, transparency is even more crucial. Sharing career leveling and compensation ranges ensures everyone feels valued and has equal opportunities. Open communication about pay creates a more equitable, trusting, and successful workplace for everyone. #distributedworkreport #startups #peopleoperations #humanresources #distributed #distributedwork #remotework #futureofwork #compliance #compensation
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https://lnkd.in/gsmQvdc5 Do you talk about your pay with friends or family? How about in the workplace? We should be normalising the conversation... it's 2024 afterall. #pay #salarytalk #HRconversations #payequality
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3wIt'd be interesting to also ask how confident people are in the process by which their compensation was arrived at. Is it consistent across time and across contributor levels? Is it market-appropriate? Is it easy for employees and managers to understand, and does HR readily answer questions with transparency and candor?