More states are mandating pay transparency in job postings. Salary.com asks the question, “Are Salary Surveys Still Relevant in an 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.
- Defining and sticking to a compensation philosophy is vital for equitable and defensible pay practices.
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