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Pay transparency is now a norm for many US employers, according to recent surveys, thanks to a wave of legislation requiring businesses to share information about salaries in job postings.
But transparency can also reveal pay inequities within organizations, prompting questions for HR leaders. The surveys also indicate employers are starting to develop strategies to address pay equity, and in some cases are budgeting for raises to address compensation gaps within their workforces.
Most employers comply with pay transparency. Some three-quarters of organizations surveyed in June by advisory, broking, and solutions firm WTW said they’re sharing the pay rate or range for