Weaver Partners’ Post

You can know your salary before applying for a job - the pay transparency movement is making progress! A new report from Indeed shows that 50% of job postings in the U.S. now include employer-provided salary information, up from 10% in 2019. ▶ Multiple states and cities have adopted laws to require employers to disclose the pay range for a position to applicants or employees. ▶ Employers in the West have the highest rate of salary transparency, while the South lags behind. ▶ The pay transparency trend is unlikely to slow down, with multiple laws proposed around the world. This is great news for job seekers and employees alike! What do you think are the benefits of pay transparency for employers? #jobsearch #paytransparency #salary

Half of US job postings in August advertised at least some employer-provided salary information (according to a recent survey by Indeed). In February 2020 it was only 18%. This increase is largely due to a host of pay transparency laws enacted over the past few years. While salary transparency rates are rising overall, that growth is not occurring evenly across state lines and geographic regions. 70% of organizations that list pay ranges in job postings say it has led to more people applying. 66% said disclosing pay has improved the quality of applicants. - SHRM My clients often voice concerns over the impact to current employees. 36% of 1,300 HR Professionals surveyed by SHRM said transparency laws caused more current employees to ask about receiving a pay raise. HR companies like Paychex help organizations navigate pay transparency laws. #paychex #hrbp #hroutsourcing #hcmtechnology #hcm #paytransparency https://lnkd.in/gmrHv-tc

🌟If you responded to our 2024 Salary Survey, you can check your inboxes over the next few days for your copy of our 2024 Salary Guide with hot off-the-press insights into the salary trends. We surveyed clients and candidates, and some of the results are real eye-openers. (Grab your copy by clicking the link in the comments.) The best news? Most of our clients are planning to hire over the next 12 months, whether for contracts, permanent positions, or both. This is a huge relief for many, especially with the rising interest rates and cost of living. Curious about who got pay raises last year and what you can expect if you make a move now? Our survey has all the answers. Sign up to get your copy! (Link in the comments) Let’s make 2024 the year of new beginnings and exciting career moves! #salaryguide #strategyjobs

For HR professionals only!! Whenever I post a job ad on LinkedIn, I find it crucial to mention the salary range for that position so that only interested candidates may make contacts. That’s how we can save time. But I have seen people argue that the salary you guys are offering is too low. I just wanted to say that every organization has their own pay scales, and based on that, they hire people. I request that you all please share your pay scales. Let’s compare and have a discussion. 

50 percent of the U.S.-based job listings on the site now include some employer-PROVIDE SALARY INFORMATION, the highest share yet recorded.It was only 10% in 2019. This may be a growing trend but there are pro's and cons. On the positive side it provides supposed transparency for some not all jobs. On the negative side it may push up salaries and subsequent employer costs, which may encourage acceleration of technological solutions. We always have to consider the unintended consequences of any decision.#shrm #salaries #futureofwork

February employment data from payroll company ADP shows that private companies added 140,000 new workers. That's slightly up from January's 110,000, yet the numbers remain below a one-year average of around 200,000 hires per month. Also, according to the Bureau of Labor Statistics, the number of job openings in the U.S. in January was 8.9 million. That was the same as December 2023's "revised" number but fits with a longer-term trend of declines since a peak of 12 million openings in March 2022. The quits rate, a measure of workers who voluntarily left their jobs, measured 3.39 million in January... the lowest amount in three years. A decline in voluntary job leavers typically suggests that workers are less confident in their ability to find new jobs after quitting. These numbers don't show a cratering labor market, but they are showing one that's not as "hot" as it was during peak pandemic stimulus times. The pace of pay increases, according is still notable (5.1% for job stayers and 7.6% for job changers in February). That's good for working folks, but indicates to higher costs for businesses and the idea of a wage-price spiral. Searchtec Consulting - Recruitment Sevices.

Salary transparency! This can help with your salary research even if you aren't living in the areas with the transparency laws. Look at similar jobs posted in those states or cities. Use a cost of living calculator to see how much you should adjust to match the area you are in. Viola! You should get a good idea what you should be negotiating.

Pay transparency continues to gain momentum! Now is the time to review your #compensation strategies and reap the benefits pay transparency can bring to your organization.

We need to normalize talking openly about money. This is great post with simple, actionable conversation starters. #womenempowerment #payequity

Now, if we can get companies to post realistic ranges. For the companies that do post an extensive range in salary, it is vital to understand that the offer will be in the low to middle range for the most part. This guidance can help job seekers understand the reality of the pay.