Pros and Cons of Pay Transparency

Upsides and downsides of Pay Transparency Upsides and downsides of Pay Transparency Upsides and downsides of PAY TRANSPARENCY Does your organization have an open pay approach? 11% Yes 82% No 8% Don't have a clue about/no answer What's the best advantage of initiating an open compensation strategy? 18% Increases efficiency 17% Boosts enrollment and maintenance 16% Helps close the compensation hole 15% Creates an air of trust 27% None â€" the potential results exceed any advantages 7% Don't have a clue about/no answer 61% of publicizing and promoting administrators whose organizations don't have an open compensation strategy said pay straightforwardness would hose workers' spirits. In the event that an open compensation strategy were initiated at your organization, what effect would it have on staff morale?* 4% Increase essentially 29% Increase to some degree 42% Decrease to some degree 19% Decrease essentially 5% Don't know Source: The Creative Group overview of more than 400 U.S. promoting and showcasing administrators. A few reactions don't add up to 100 percent because of adjusting. *Respondents whose organizations don't have an open compensation approach. © 2017 The Creative Group. A Robert Half Company. An Equal Opportunity Employer M/F/Disability/Veterans.