Pros and Cons of PAY TRANSPARENCY
Does your company have an open salary policy?
|8% Don’t know/no answer|
What’s the greatest benefit of instituting an open salary policy?
|18% Increases productivity|
|17% Boosts recruitment and retention|
|16% Helps close the wage gap|
|15% Creates an atmosphere of trust|
|27% None – the potential consequences outweigh any benefits|
|7% Don’t know/no answer|
61% of advertising and marketing executives whose firms don’t have an open salary policy said pay transparency would dampen employees’ spirits.
If an open salary policy were instituted at your company, what impact would it have on staff morale?*
|4% Increase significantly|
|29% Increase somewhat|
|42% Decrease somewhat|
|19% Decrease significantly|
|5% Don’t know|
Source: The Creative Group survey of more than 400 U.S. advertising and marketing executives. Some responses do not total 100 percent due to rounding.
*Respondents whose companies don’t have an open salary policy.
© 2017 The Creative Group. A Robert Half Company. An Equal Opportunity Employer M/F/Disability/Veterans.