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?
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