Creating pay transparency in the workplace

Pay Transparency gets everyone in the same boat, paddling in the same direction... • Defining the competitionPay Strategy... • Philosophy shared with managers2.. • Philosophy shared wi

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

Agenda

Pay Transparency

gets everyone in the same

boat, paddling in the

same direction.

Engagement

intent to leave and higher satisfaction

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

… are changing

Everybody’s doing it…

whether they want to or not

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

What are we being

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

Pay Philosophy

• Defining the competition

Pay Strategy

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

Pay Practices

maximums

Market Studies

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

The Transparency Spectrum

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

1 Only own pay

• Philosophy shared with managers

2 Manager & Employee

Talk About Pay

• Philosophy shared with employees

employees and managers

4 Market Study & Comp Processes known

with managers

in their path and how to advance

by employee

• High-level strategy shared with employees; full strategy

shared with managers

know ranges in their path and how to advance

• Philosophy explained to employees

increase process / cycle known

• Philosophy explained to employees

and increase process / cycle known

Plateau of Productivity

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

Moving to greater

transparency

• Explain what transparency is (and isn’t)

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

increasing communication, and tools for success

• What’s the makeup of your workforce?

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

Develop a plan

C R E A T I N G T R A N S P A R E N C Y I N T H E W O R K P L A C E

Immediate Actions

means to you

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