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HR Besties: Pay Transparency
HR BESTIES
The Impact of Pay Transparency on Job Seekers
States and cities increasingly mandate salary disclosures in job postings, particularly for remote positions, pushing companies towards transparency. However, many organizations merely offer broad salary ranges that lack accuracy, signaling a lack of genuine transparency and potentially deterring job seekers. Pay secrecy can indicate an organization's reluctance to honor transparent communication practices. Recent laws prohibit employers from inquiring about a candidate's salary history to combat discrimination, ensuring that past underpayment does not hinder future opportunities. Job applicants often encounter friction when required to disclose desired salary ranges, which can lead to 'application abandonment.' Consequently, providing accurate and realistic salary ranges in postings can improve applicant engagement and attract talent, alleviating the pressure and uncertainty candidates face during the application process.
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