Pros and Cons of Pay Transparency

Pros and Cons of Pay TransparencyPros and Cons of Pay Transparency Pros and Cons of PAY TRANSPARENCYDoes your company have an open salary policy?11% Yes82% No8% Dont know/no answerWhats the greatest benefit of instituting an open salary policy?18% Increases productivity17% Boosts recruitment and retention16% Helps close the wage gap15% Creates an atmosphere of trust27% None the potential consequences outweigh any benefits7% Dont know/no answer61% of advertising and marketing executives whose firms dont have an open salary policy said pay transparency would dampen employees spirits.If an open salary policy were instituted at your company, what impact would it have on staff morale?*4% Increase significantly29% Increase somewhat42% Decrease somewhat19% Decrease significantly5% Dont knowSource The Creative Group survey of more than 400 U.S. advertising and marketing executives. Some responses do not total 100 percent due to rounding. *Respondents whose companies dont have an open salary policy. 2017 The Creative Group. A Robert Half Company. An Equal Opportunity Employer M/F/Disability/Veterans.