Pay transparency laws require action from leaders across the organization.
Pay transparency can be a way to create fairer employee compensation. After all, it's harder for unfair wage gaps to creep in when people know what their peers are earning. And now this workplace policy is beginning to shift from something companies might set up on their own to something that's a requirement in more and more states. Organizational leaders should know how the compliance landscape is changing as well as ways they can take action.
At a basic level, pay transparency could just mean that your organization doesn't actively try to keep wage information secret — that you allow employees to discuss salaries with each other. It could also mean that more information is shared than before about how you set wages and benefits. This could include giving a broad overview of how you calculate salaries, providing the pay rates for different jobs or even sharing the actual pay for employees at your organization. Continue reading this article on the ADP blog here.