Are your managers able to communicate about pay, pay fairness, and pay transparency?

Are your managers able to communicate about pay, pay fairness, and pay transparency?

This is a hot topic. New regulations are forcing organizations to think about pay transparency and fair pay on a global level. Pay management, governance practices and reward communication are now urgent focus areas.

In our latest survey, we found that:

=> 24% of companies say their lack of a clear job architecture and job levelling frameworks was a factor holding back increased pay programme communication

=> 33% indicated that one reason for a lack of pay transparency was because their pay programmes were simply not ready.

Probably the most interesting finding is just how crucial managers are when it comes to communicating about rewards:

=> Eight in 10 organizations report using managers to communicate pay program information to their workforce

=> Yet, few report adequately preparing managers for this task. Only two in five say they are effective at educating managers on pay and pay equity issues.

Ouch.

What can you do?

=> One success factor in reward communications is effective use of digital platforms to personalise information for employees and managers. This is an area of employee experience that’s going to become more and more important very quickly.

Learn more about that here: https://buff.ly/3LsGZE7

And you can learn more about our Pay Transparency Survey here: https://buff.ly/3EHw5GE

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