Achieve True Pay Transparency
Building trust through fairness and clarity in compensation
At SD Worx, we believe that true pay transparency is not just a milestone, but a journey towards creating an equitable workplace . As organizations strive to ensure fairness and improve employee satisfaction, understanding the importance of pay transparency and how to achieve it becomes crucial.
Articles
Pay transparency is more than just a buzzword; it’s a critical component of a fair and equitable workplace. According to our research, internal equity (36%) and pay transparency (35%) are among the top challenges employers face on the reward front. Despite these challenges, only 37% of employees are satisfied with the transparency of their organization’s reward policy, and a mere 39% are satisfied with the communication about this policy and any changes to it.
Getting started with pay transparency means kicking things off with clear and open communication about your reward policies. While many companies are already diving into this, there’s still plenty of room for improvement. Our research shows that fewer than two-thirds of employers are fully up-to-date on the legal rules around pay transparency, which should be the backbone of your approach. So, where does your company stand compared to the rest?
Podcast
How far does pay transparency go at SD Worx—and will it go further in future?
Episode 4 of the Sparking Reward Strategy Podcast with Bruce Fecheyr-Lippens & Pieter-Jan Boden
Join us for the final episode of the Sparking Reward Strategy Podcast, where Bruce Fecheyr-Lippens and Pieter-Jan Boden delve into the intricacies of achieving true pay transparency and equity. Building on our previous discussions about financial well-being, internal equity, and reward strategies, this episode explores how SD Worx is leading the charge in transparency and what lies ahead for us.
