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How pay transparency may affect your job search or raise

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Knowing if you’re getting paid fairly for the work you do is an ill-informed mystery. There is a possibility. Voluntary or government mandated, companies are increasingly revealing how much a job or current position will pay.

Navigating Salary Ranges

So far, about 10 states and local governments, including California, Colorado, Washington, and New York City, have mandated access to payroll information. Businesses in a jurisdiction are generally required to post salary ranges showing minimum and maximum wages. Rules vary, some require only job applicants to be notified, others allow current employees to request information about salary ranges.

Roberta Matuson, president of Matuson Consulting in Boston, consults companies looking for top talent. She believes payment transparency is “a step in the right direction.”

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“Knowledge is power, so if you don’t know you can make more money, you won’t even ask for it,” says Matheson.

Is this the end of salary negotiations?

Payscale transparency doesn’t eliminate salary negotiations, said Lexi Clarke, vice president of Payscale, a national provider of payroll data and services. Instead, Clark says it will encourage discussion about current and future wage expectations.

This helps employees and candidates “understand what their expectations should be, where there are (salary) boundaries and where there is flexibility. It will level the playing field between parties and allow for more open and transparent conversations,” she says.

Lulu Seikaly, senior corporate attorney at Payscale, also said that current law requires employers to offer higher salaries than posted for a position, as long as the company can provide an objective reason for the exception. is not hindered.

In the past, companies often offered salaries based on how much an individual earned from previous jobs, Seikaly said. “Many states now ban it.”

When potential employers ask about your salary history, Matuson says: Just flip the question. “

Will the wage gap be eliminated?

While salary transparency reveals salary ranges, will gender and ethnic pay gaps narrow? It may be too early to say.

But Payscale’s Clark says organizations that are more open about pay tend to have clear compensation structures and are less likely to have pay inequality.

She predicts how the gender pay gap will narrow.

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