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Summary:

This past June, Garry Straker, Senior Compensation Consultant and Salary.com, and our very own David Turetsky led a presentation focusing on pay transparency at the SHRM23 conference in Las Vegas. With pay transparency already a reality for some states and an inevitability for others, many HR professionals see benefits of it and also have concerns about some of its possible consequences. In this recorded session, Garry and David dive into it all: pay transparency “pros”, “cons”, how to prepare for it, and how to make the most of it. 

In this episode, Garry and David talk about the impacts that pay transparency can have on an organization and how to avoid its unintended consequences. 

Chapters:

[0:00 - 3:53] Introduction

[3:54 - 21:25] What do we mean by “pay transparency” and what new legislation are we seeing related to it?

[21:26 - 36:34] Why is pay transparency important and where are some of its impacts?

[36:35 - 52:51] Avoiding the unintended consequences of pay transparency

[52:52 - 55:48] Closing

• Thanks for listening!

Quotes:

“Letting people know what you make might feel uncomfortable, but isn’t it less uncomfortable than wondering if you’re being discriminated against or being paid unfairly?”

“The #1 ‘pro’ of pay transparency is that it will effectively eliminate gender and racial [pay] gaps.”

Resources:
Address Pay Equity

Contact:
Garry's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
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Production by Affogato Media

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Produced by Affogato Media