The Importance of Transparency in Pay

There needs to be work done to try and bridge the gap between what we pay our loyal employees and what we're willing to pay for new recruits. There's also a real legal implication because if there are big differences between existing employees and new hires that in most countries there's some sort of an equal pay law. The UK is the quality act of 2010 which goes through a number of factors that need to be addressed to make sure there is equal pay for equal work. If we don't have the money to make those pay adjustments, the least that we can do is just be honest with our people.