Job postings with clear salary details outperform others by 30%, making Pay Transparency a crucial aspect of the Candidate Experience!
Nicolas BEHBAHANI
Global People Analytics & HR Data Leader - People & Culture | Strategical People Analytics Design
?? 85% of Gen Z job seekers ignore job postings that lack clear salary details
?Excluding from job postings can negatively impact the candidate experience and reduce your chances of finding the ideal fit. Despite this, many employers are still not aligned with the evolving expectations of today’s workforce.
?? Pay transparency is already a legal requirement in many states, with more likely to follow suit soon.
?? Job postings that disclose salary details often rank higher in search engine results, with CareerBuilder listings featuring salaries outperforming those without by 30%, according to a new interesting research published by CareerBuilder in partnership with Morning Consult using data ?? from a survey of 415 US hiring decision-makers.
?Over 50% of employers withhold salary information until the interview stage.
Researchers found that 55% of employers do not reveal salaries until the interview phase. Only 8% of employers are sharing specific salary information at the outset, while 37% share a range.
Researchers have identified several benefits of pay transparency for the workforce:
?? Increased Job visibility : Google ranks job ads with salary information higher. CareerBuilder posts with salaries perform 30% better
?? More serious candidates: 80% of U.S. workers are more likely to consider applying for a position if the pay range is listed.
?? Better matches: When candidates know what to expect, they’re less likely to drop out once interviews start.
?? Legal compliance: 40% of states have pay transparency laws in place. More are considering similar legislation
?? Increased Equity: Pay transparency helps ensure all candidates receive fair compensation regardless of gender, race, or negotiation skills.
?An increasing number of US states are making salary disclosure a legal requirement
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Researchers have noted that salary disclosure is already a legal requirement in many states, with more likely to follow suit soon.
?? According to a recent WTW survey, most North American organizations are now sharing pay program details with their employees. This includes job levels (74%), variable pay opportunities (58%), and the criteria for determining individual base pay (65%). At least 55% of respondents are either already doing this or planning to implement it soon.
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This compelling research underscores the lack of transparency in the hiring process, which hampers employers’ efforts to attract and retain top talent. With evolving candidate expectations - particularly Gen Z, the implementation of state-level pay transparency mandates, and rising concerns about equitable pay, it’s crucial for employers to be more open about salaries. Additionally, the global increase in regulatory requirements for pay transparency is pushing many employers to quickly adopt consistent standards, regardless of location.
??Thank you CareerBuilder researchers team for sharing these insightful findings:
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Lead Analyst - HRO TechnipFMC | Leadership Recruitment | HR Operations | Shared Services | Global Support | Guyana Recruitment | NAM Recruitment | Suriname Recruitment |
1 个月Cant agree more Nicolas BEHBAHANI, Pay transparency not only boosts trust and fairness but also gives employees peace of mind—because let’s face it, we all want to know if *Bob* from accounting is secretly living the high life! When everyone’s on the same page, employees stick around longer and focus more on their work than on wondering if they're missing out on a private yacht. More fairness, fewer workplace mysteries, and way more productivity!
Human Resource Professional | MBA | Coporate Recruiting Professional- ASA | Ex-Wirtgen Group,A John Deere Company
1 个月Salary transparency is more than just a discussion about compensation—it’s a reflection of a company’s culture, ethics, and respect for its employees. When employers withhold this information, it can raise concerns about what else might be hidden. Transparency is a statement about openness and trust, not just about dollars and cents. A smart approach for companies is to incorporate pay transparency into a broader dialogue around career development and internal equity. Many leading organizations have adopted full pay transparency by publishing salary ranges for every role. This openness not only attracts top talent but also boosts employee satisfaction and retention. Imagine the long-term impact on the hiring process and employer brand when candidates feel valued and informed from the very first interaction. Companies that delay this shift risk losing not only talent but also their credibility. Thank you for sharing this exceptional research!
Unleashing talent potential with real-time people analytics: Empowering HR & leaders to enhance employee experience, save time, and cultivate a culture of high performance and well-being through personal leadership
1 个月Nicolas BEHBAHANI these findings are very valuable. In daily practice I hear similar soundbites about the lack of transparency of companies in job postings. Yes, not mentioning the salary is one of them, but also not being specific about what DNA the company is living. Job postings do have a lot of "dust" in their descriptions of both the values (too generic), principles and the real impact the company wants to make for their customers, the society or for the world. In the era of personalisation, it is needed that companies are more transparent and provide clarity.
PhD, DBA- HR ?? | Aspiring CHRO/HR Director ?? | HRBP | CPHR, SHRM-SCP ?? | Ready for Strategic Leadership
1 个月Pay transparency is indeed shaping modern recruitment strategies globally. Engaging with these trends seems prudent for any organization. Nicolas BEHBAHANI
Industry Veteran | Exploring Future of Work | Great Manager’s Coach & Mentor
1 个月This is important share Nicolas BEHBAHANI ?? From the perspective of talent retention, providing a Realistic Job Benefits Preview (RJBP) that includes a clear explanation of CTC (Cost to Company) & Incentives (variable pay) is crucial. ??♂? When I joined my first job in a Public Sector Company in India, the advertisement clearly mentioned two things: (1) Job Title and (2) Salary. For those interested, there was also a salary band available to understand the year-on-year movement in CTC. Even today, the Public Sector continues to share this information. - In contrast, private sector appointment letters & annual CTC statements are often marked as confidential ??, yet they are available on platforms like Glassdoor. ? In the future, pay disclosure in job postings will likely be HYBRID. However, many Countries & Companies have already started following the good practices & laws established in the US, EU, etc.