A majority of companies might soon include salary information as part of U.S. job postings even where it’s not required by law, according to data released Wednesday, as competition for new workers increases pressure to be transparent on pay.
About 19% of companies surveyed by consulting companyWillis Towers Watson Plc are planning on giving pay range details in job listings and another 43% are considering it, the research showed. Some 17% of companies already provide the information across U.S. locations that don’t have legal requirements to do so. WTW surveyed 388 executives in June and July, representing companies that employ 7.5 million workers.
“We expect that level of transparency will likely become the norm as external stakeholders demand more clarity and visibility into companies’ pay management practices,” said Lindsay Wiggins, WTW’s North America fair pay co-lead, in a statement.
