The US push for pay transparency
Written by Black Hot Fire Network on September 29, 2022
Zhao points out there are other potential advantages of pay transparency beyond reducing wage gaps. In hiring, for example, being open about pay eradicates information asymmetries – situations in which a prospective employee’s expectations for pay differs wildly from an employer’s. “Pay transparency can help make the job search more efficient for job seekers and employers, letting both sides skip interviews when expectations about pay are too far apart,” he says.
In the short-term, he believes, increased pay transparency might lead to higher turnover by showing employees what their skills are actually worth on the . . .