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In the past, most companies did not practice salary transparency. Now, it’s more common to discuss pay openly…instead of hiding it under a rock.
This has helped narrow the pay gap, changing companies for the better. So, employees are trusting businesses more. And employers also get to enjoy a 30% increase in applications started. That’s a win-win situation if you ask me.
What is Salary Transparency?
Salary transparency is all about openly sharing pay information within a company or even with the public. So, in simple terms, it means providing clear details about how compensation decisions are made, including