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Prosper Consulting, LLC

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    • HR & Compensation Consulting
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    • Workshop & Speaking Topics
  • About
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  • Careers
  • Contact
  • Resources
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Measuring Pay Transparency Success

July 24, 2023 Denise Liebetrau

There are many choices employers must make related to pay transparency.  You can choose to deliver partial pay transparency or be fully transparent.

Partial pay transparency examples:

·        You share a job’s base pay range when it is posted. 

·        You share pay ranges with managers for only the jobs their team performs.

·        You share a job’s base pay range with the employee that is performing that job.

·        You share your compensation philosophy and the factors used to make pay decisions.

·        You share the metrics used in the bonus or sales incentive calculation and weights assigned to each metric.

Full pay transparency examples:

·        You share actual pay levels for all employees.

·        You publish the base salary range and short-term and long-term incentive targets for each job.

How would your employees answer these questions?

Likert Scale = Does not apply (0), Strongly Disagree (1), Disagree (2), Undecided (3), Agree (4), Strongly Agree (5)

1.     I am being paid fairly.

2.     I am being paid competitively in comparison to what other employers pay for substantially similar work.

3.     I am being paid equitably in comparison to my peers performing substantially similar work.

4.     I know where to look up the base pay range for the job I am performing.

5.     I manage others and I know where to look up the base pay ranges for the jobs performed by my direct reports.

6.     How pay is determined at my employer is a transparent process.

7.     I can tell you how my bonus or sales incentive is calculated.

8.     I know what I need to do to increase my bonus or sales incentive payout.

9.     I know what I need to do to improve the value of my long-term incentives.

10.  My manager communicates about pay in a transparent and confident way.

What other statements would you add to a pay transparency employee survey?

#paytransparency #payequity #compensation #rewards #humanresources #communications #incentives

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