“The number of job postings with salary information more than doubled between February 2020 and February 2023.”
Indeed
Aquent's General Manager / Global SVP Services Industry Group, Mark Brim, recently authored an article for Employee Benefit News in which he discussed his support for pay transparency in job postings. With many states passing laws requiring pay transparency, and 11 additional states considering similar measures, Mark urges HR and business leaders to stay ahead of the curve and take every step they can to ensure that job seekers are empowered with the information they need to evaluate different positions. That means posting open roles with salary ranges right from the start. Not only is it the law in many states, but it's an effective and efficient way to attract the best quality candidates. Being transparent with salary streamlines the hiring process and saves the job seeker and HR director from wasting time and effort. Posting a salary range can also give companies a leg up in attracting candidates in today's competitive job market. Recent research from Beqom found that 84% of job seekers were more likely to apply for a role if it listed a salary range. Additionally, pay transparency is proven to help close pay gaps that disproportionately affect underrepresented communities. It ensures that all talent are empowered with the information they need to advocate for themselves and is an essential part of overall workplace equity.
This article originally appeared on Employee Benefit News.
