7 months ago 03rd May 10:33
New research by global recruitment and talent management consultancy, Hudson, reveals that 60% of workers would be comfortable revealing what they get paid to colleagues in order to achieve pay parity. A similar number (62%) believe that senior managers should have to disclose what they get paid to the rest of the workforce. The findings represent a warning to employers that pay and pay reviews need to be fair and transparent throughout the organisation, in order to avoid the risk of losing talented employees.
Two thirds of professional employees (63%) believe that more transparency about pay would reduce the gender pay gap, helping avoid a situation that still sees men paid, on average, 17.2% more than women in the same position. Hudson conducted the study among 1,000 UK workers in professional employment to assess how employees’ attitudes to the traditionally sensitive issue of pay might have changed in light of recent damning reports into the gender pay gap from Government and trade unions.