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More than One-Third of HR Pros Say Getting Leadership Support for Pay Transparency is Biggest Challenge in Addressing Pay Equity

WALTHAM, Mass., Dec. 8, 2021 /PRNewswire/ -- Pressure is mounting for Corporate America to address pay equity according to a newApulse survey from Salary.com, a leading SaaS provider of cloud-based compensation market data, surveys and analytics. Sixty-four percent of HR professionals surveyed reported facing more pressure than just six months ago, with 20 percent of those respondents calling the pressure "tremendous." Current employees and job candidates ranked as the top sources of pressure to get pay right, followed by organization leadership and society at large. The survey, conducted in October-November of 2021, represents responses from 700+ US-based HR professionals.
More than One-Third of HR Pros Say Getting Leadership Support for Pay Transparency is Biggest Challenge in Addressing Pay Equity
95% of HR professionals surveyed see pay equity as a competitive advantage in the war for talent.A APay transparency remains illusiveA
More than half of the companies surveyed put HRADirectorsAinAcharge ofApay equity programs,Afollowed byAcompensation heads,Aaccording to the survey.AThirty-seven percent ofAtheAHR professionalsAin the surveyAresponded "yes"Awhen askedAif theirAorganizationAis struggling to address pay equity.AThe vast majority (85 percent) indicated theyAknow what to pay their employees to stay competitive andA61Apercent have a process in place to address internal pay equity. Yet only 35Apercent have established a pay philosophy thatAsupports pay transparency.AThis lack of transparency negatively impacts employees: only 34ApercentAof respondents saidAthatAany manager at their organization could honestly and accurately answer "How is my pay determined?" when asked by an employee. Sixty-fourApercent of respondents do not currently provide wage range disclosures in their job postings,Aand only 34Apercent plan to do so in the next 12 months.A
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