COMP NEWS – In light of sweeping pay transparency laws being enacted in nearly a dozen states, HR strategy is shifting to accommodate changes in job-seeker behavior.

HR strategy and worker behavior are shifting in light of new pay transparency laws, recent surveys suggest.

As of August, half the US job postings on Indeed’s website included wage or salary information, a result of legislation that has taken effect across 10 states and several jurisdictions.

The new laws have had a domino effect in a way policymakers “hadn’t entirely foreseen,” given that they’re being enacted at a time when “we’re also seeing a significant uptick in workers going remote,” Helena Almeida, vice president-counsel with HR company ADP, told HR Brew in July. To compete for nationally distributed talent in places like New York, California, or Colorado, employers must comply with pay transparency laws those states have enacted, she said.

Job-seeker, employer behavior is shifting. A large majority of employees now expect transparency, according to software firm BambooHR’s 2023 compensation report, released on December 12. The report, which draws upon a survey of 1,500 full-time salaried adults conducted from July 27 to August 4, found that “82% of employees consider some form of salary transparency essential when evaluating potential employers, up from 69% in 2022.” The same share said they expect employers to be equally transparent about their benefits, as well.

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