Very interesting article. https://lnkd.in/grsiMx3f #401k #HR #hiring #retirementplans
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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 Job Ads Now Contain Salary Information
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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
Job postings with salary ranges are fast becoming the new norm
finance.yahoo.com
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🎙️I Place Senior Ex Management Consultants Into Interim Projects /Co-Founder of Future State Consulting & Oaktree Talent Group / Host of the "Strategy Bites" Podcast🎙️
🌟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
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Senior HR officer at Indus hospital | Recruiter | Head Hunter| Freelance Recruiter |Content Writer | Urdu Poetry writer | Song composer| Motivator| Lyrics writer| Personality Analyst | Entrepreneur
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.
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Executive Coach/ Strategist for managing the future of work/ Facilitator/ Speaker/ Writer jennybrice.com.au
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
Half of Job Ads Now Contain Salary Information
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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.
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Empowering Military Transitions | Facilitating Success for Service Members & Military Spouses | Workshop Facilitator | Career Guidance Expert
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.
Everyone's favorite former Tech Recruiter | Current Product Marketing Manager for Amazon's TA Tech | First Gen Immigrant | Nerd at heart |
The state of New York is now added to the list of states with Salary Transparency law into effect. Let's recap to see which states and locales have salary transparency law into effect: ☕ California - Effective January 1st, 2023 - Salary must be posted in the job postings. Only applies for Employers with 15 employees or more. ☕ Colorado - January 1st, 2021 - Salary must be posted in the job postings. Only applies for Employers with 1 employee or more. ☕ Connecticut - October 1st, 2021 - Employers with 1+ employee and the disclosure happens upon request and before an offer is made. ☕ Maryland - October 1st, 2020 - The trailblazer in this. - The salary range must be disclosed upon request. Employers also can't ask for salary history. ☕ Nevada - October 1st, 2021 - Disclosure happens after the interview. Employers also can't ask for salary history. ☕ New York (state) - September 2023 - At least 4 employee, salary must be advertised on the job posting. Employers also can't ask for salary history. ☕ Rhode Island - January 1st, 2023 - Disclosure happens upon request and applies to both current and prospective employees. ☕ Washington(not D.C.) - January 1st, 2023 - Salary must be posted in the job postings including benefits and other compensation. This from what I've read is the most comprehensive when it comes to disclosure. If a role is remote, employers still need to post the range and can't refuse to hire applicants from Washington State. Cities: ☕ Cincinnati, OH - March 13, 2020 - Disclosure upon request. ☕ Jersey City, NJ - April 13th, 2022 - With 4+ employees and the salary must be posted on the job posting. ☕ Ithaca, NY - September 1st, 2022 - With 4+ employees and the salary must be posted on the job posting. ☕ New York City, NY - November 1st, 2022- With 4+ employees and the salary must be posted on the job posting. ☕ Toledo, OH - disclosure happens upon applicants request and not on posting. Employers also can't ask applicants about their salary history. ☕ Westchester County, NY - November 6th, 2022 - Law will become null and void in Sept. 2023 when the NY state law goes into effect. -- Illinois isn't on this list yet because their law goes into effect in 2025. I mean this is good that they have signed the law into effect but I'm disappointed in my home state. We could have done it sooner. Am I missing any cities or States? Are there states with bills in progress? Why should you care about this? Because this gives you a good idea of where the market for your skills is. Until next time, Stay Caffeinated!
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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.
Compensation Consultant - Human Resources Leader and Advocate - Enhancing Total Rewards for Top Talent - Professional Speaker - SHRM Volunteer Leader
📣 Calling All Employers: Get Ahead of the Pay Transparency Wave! 💸 Over half of job ads now provide employer-provided salary information. This trend is a clear signal that pay transparency is gaining momentum, and employers should take notice! Why is this important? 💡 1️⃣ Attract Top Talent: Candidates appreciate transparency. Including salary info upfront helps you attract candidates who are genuinely interested in the role and its compensation package. 2️⃣ Boost Employer Brand: Demonstrating openness about pay reflects positively on your employer brand. It builds trust and can set you apart in a competitive job market. 3️⃣ Retain Talent: Transparency extends beyond recruitment. It's key to retaining employees who seek fairness in compensation practices. 4️⃣ Legal Compliance: With transparency becoming more common, staying ahead of legal requirements is crucial. Ensure your compensation practices align with evolving regulations. So, fellow employers and HR professionals, let's prepare for this pay transparency wave. Review your job ads, evaluate your compensation strategies, and embrace the change. It's a win-win for both your organization and the talent you aim to attract and retain! 🌟 https://bit.ly/3t58qNK #PayTransparency #compensation #totalrewards #HR #CompensationConsulting #HRStrategy #TalentAcquisition SHRM Indeed
Half of Job Ads Now Contain Salary Information
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No more F words | I help high-achieving women unlock clarity to achieve career breakthroughs 🔑 Overcome fear, fatigue, failure, frustration and feeling burnt out. | Career Change & Development Coach
We need to normalize talking openly about money. This is great post with simple, actionable conversation starters. #womenempowerment #payequity
🤑 "The Career Coach helping Ladies Get Paid" - Robin Roberts | 💸 Founder, Author & Entrepreneur | 🎤 Fortune 500 Speaker | 👩🎓Masters Certification in Financial Psychology and Behavioral Finance
The best salary data you can find is by talking to real people about how much they make. Why? Your paycheck is contingent on your “poachability” aka what competitor companies are currently willing to pay for the value you provide. So what? Online databases can be wrong and out of date. Plus when you tell HR that you talked to real people, they’ll have a harder time denying you. Talking to people about money, especially how much they make, can be awkward AF. But it doesn’t have to be. Here are 4 ways to ask someone’s salary without making them - or you - uncomfortable: 1. "Here's the research I found. Am I off-base?" 2. "Would you be comfortable sharing a ballpark of what you make? It's a great way to be an ally and help ensure pay equity." 3. "I was reading an article about salaries in our field and the average of [#] seemed low/high to me. Do you think that's a real average, or does it sound odd?" 4. "The more we talk about money, the more we'll get! Plus, we can make sure we're not undercutting each other." Why this works: ✅ Makes it about the bigger picture ✅ Doesn’t put them on the spot ✅ Demonstrates how sharing benefits them Don't forget to ask white men since they make the most 🤑 One last thing... Salary negotiation is f*cking hard. But it doesn’t have to be. I’ve taught thousands of women to negotiate millions of dollars and put all my insights into a brand new 5-HOUR course. Sign up for our waitlist to be the first to know when we launch (plus get extra goodies!) Link in comments 👇 💰 Find this tip helpful? Share with your network - the more we stand together, the more we’ll all be paid.
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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.
Half of Job Ads Now Contain Salary Information
shrm.org
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