Pay Transparency In Hiring Is Increasing, But There Is Still More Work To Be Done
According to a recent article by the Associated Press, more and more job postings are including the salary range for the role even in locations where it is not mandated by law. Currently, only a handful of locations require that an employer include a salary range in the job posting for a particular role. According to a study conducted by Indeed, however, the inclusion of salary information on a posting has more than doubled between February 2020 and February 2023 from 18.4% to 43.7%.
Despite this progress, there is still much more pay-transparency work left to do. For example, over half of the job postings included in the Indeed study still do not include salary information for potential jobseekers. Moreover, and as we have addressed in previous articles, job postings are just one part of a much bigger equation. More needs to be done to increase pay transparency after the employee is hired and throughout their tenure at the organization. Job postings can help a little in this regard as it reveals what is being offered by the company to new hires in similar roles. But where there is no new posting for a similar role, pay secrecy still prevails.
This is why we at Clear-Salary.com are dedicated to improving pay transparency for all—both jobseekers and employees alike. We need to continue to increase the sharing of information and normalizing conversations surrounding salary and salary transparency.