More than half of the 2,000 companies surveyed in the US by the consulting firm, Willis Towers Watson, plan to increase transparency around pay decisions in the next year. Verve, a marketing company, has already listed employees’ salary on an internal document for everyone to see. By 2019, all 1,100 employees at CareHere, a Nashville-based healthcare company, will know the pay ranges for all positions in the company. Another New York-based software company, Fog Creek, ensured the same last year. Employers have long avoided discussing money at work, partly because concealing salary information keeps compensation costs down. But the examples above clearly show that the attitude is starting to change. Can India be transparent when it comes to disclosure of salaries?
HRKatha, in association with KellyOCG, is bringing together a group of HR leaders and industry veterans on the evening of February 22, in Bangalore, to discuss what’s next with finding the best talent.