Pros and Cons of Pay Transparency

By Robert Half on May 26, 2017 at 5:43am

Pros and Cons of PAY TRANSPARENCY

Does your company have an open salary policy?

11% Yes
82% No
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.

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