Company
Date Published
Author
Checkr Editor
Word count
1449
Language
English
Hacker News points
None

Summary

''Salary transparency laws are on the rise, aiming to promote equitable pay and reduce disparities in compensation. Despite federal laws promoting pay equity, disparities still exist, with women earning 76 cents for every dollar men earn, while black and Hispanic men earn less than their White male counterparts. To address this, many states and cities have passed laws requiring salary transparency, which involves publicly posting salary information and sharing it with employees internally. These laws are gaining traction due to popular demand, with 79% of respondents wanting some type of salary transparency, 32% wanting complete transparency, and 68% willing to change jobs for an employer with greater salary transparency. The benefits of salary transparency include improved hiring efficiency, attracting candidates, enhancing employee satisfaction, improving job performance, and creating a competitive advantage in the hiring environment.