Pay transparency — the practice of open communication of compensation philosophy and systems to employees — can be an effective lever for managing an organization’s most significant expense.
In particular, difficult decisions about compensation in boom times and bust will be more effective when accompanied with a move towards pay transparency. KnowledgePay’s latest white paper titled Pay Transparency: The Future of Compensation Management provides some practical guidance in implementing a more transparent approach to communications about pay and includes:
- Recent writings on Pay Transparency
- How to convert your compensation data into meaningful knowledge
- How to leverage pay transparency in a tough economy
- Steps toward great transparency
- …and much more
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