Pay Transparency
3 Pay Transparency
What Finance Leaders Need to Know About Pay Transparency
Pay transparency is a terrifying concept for some leaders. They immediately imagine open pay discussions, rioting employees and a variety of chaos. Yet the idea of pay transparency doesn’t have to cause fear or concern. Transparency as a business philosophy and approach to compensation can mean different things for different organizations.There are critical factors that business leaders must understand about compensation transparency and the impact it has on the employee population. Finance leaders in particular must understand three concepts: how…
Posted by: The ADP Team 19 Sep 2019 | 0 Comments
Your Questions On Pay Transparency with Buffer
Q&A with Buffer Buffer is a social media management company who has taken a radical approach to pay transparency by publishing their employee salaries and their unique salary calculation formula on their website. Here are some of the questions our audience asked as part of ADP’s webinar with Courtney Seiter, Director of People and Jenny Terry, Finance and Compliance Manager at Buffer. Applying the Salary Formula How do you determine the Role Multiplier and Experience Factor? The Role Multiplier provides…
Posted by: 11 Sep 2018 | 0 Comments
Pay Equity Legislation: Iceland Leads the Way
Iceland commemorated International Women's Day in 2017 by enacting pay equity legislation. The move follows an October 2015 protest when thousands of women left their workplace at 2:38 PM, a time that symbolised the size of the pay gap, reports The Atlantic. While private sector wages are notoriously hard to mandate, Fortune reports that Icelandic organisations with at least 25 employees are now required to certify their compliance with wage equity, regardless of employee "gender, ethnicity, sexuality, or nationality." Iceland's…
Posted by: The Connect@ADP Team 02 Aug 2018 | 0 Comments