Why Pay Transparency Regulations Are a Strategic Management Opportunity
Research finds that it’s a win-win for employers and employees when workers understand both their performance relative to peers’ and how pay decisions are made.
Touted as one remedy to the gender wage gap, pay transparency laws are increasingly being rolled out across the United States at the state and local levels. Nine states — including New York, as of September — are currently regulating some aspect of pay disclosure. The National Women’s Law Center reports that altogether, more than one-quarter of U.S. employees live in a location where pay information is regulated.
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