question archive One of the questions that will come up for an HR leader is how much of the salary data do you share with a) managers and b) with employees? This goes to salary structure transparency so that our employees and managers want to understand the analysis and data behind salary decisions
One of the questions that will come up for an HR leader is how much of the salary data do you share with a) managers and b) with employees? This goes to salary structure transparency so that our employees and managers want to understand the analysis and data behind salary decisions
Subject:ManagementPrice:2.84 Bought6
One of the questions that will come up for an HR leader is how much of the salary data do you share with a) managers and b) with employees? This goes to salary structure transparency so that our employees and managers want to understand the analysis and data behind salary decisions. My question is how beneficial would it be if we were more transparent in the min.-midpoint-max salary range each person can earn in their current role.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Making a salary range transparent promotes employee performance and satisfaction. Revealing the salary range encourage equal pay for employees. It is fair and right to pay each employee based on the duties they render to the organization. Additionally, revealing salary range helps employees gain trust in the organization. When employees understand and know their salaries, they develop a feeling of belonging with the organization, making them have a shared vision in achieving the organizational goals. Also, revealing the salary range to employees and managers makes the workplace a conducive environment hence increasing the level of production. Transparency in salaries also builds the reputation of an organization, thus attracting the right persons for job openings.
