More and more states are mandating pay transparency in job postings. Salary.com asks the question, "Are Salary Surveys Still Relevant in the Era of Pay Transparency?" We would say a resounding YES, and here's why:
- Job postings for pay information do not provide consistent and reliable data for determining pay ranges.
- Pay transparency laws that require employers to disclose pay ranges when recruiting or when asked by employees do not replace market pricing methodology and the sources of salary data.
Establishing and adhering to a compensation philosophy is a critical step in creating sound, equitable, and defensible compensation practices that you can confidently communicate to employees.
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