Today we are launching a new campaign encouraging our industry to open the debate around salary transparency.
There is little doubt that salary transparency will help to create a more equal and inclusive workplace. This has been proven in other countries across 21 states in the US, Germany, Denmark and Iceland with early research showing gender and ethnicity pay gaps are narrowing.
We understand this isn’t simple but it’s a hot topic that isn’t going away with the government launching its first pilot scheme suggesting there could be future law changes around salary transparency.
Change is needed when you consider it will take an estimated 132 years to reach gender pay parity based on the current rate of change (The World Economic Forum). In our industry the IPA shows this trend isn’t heading in the right direction with the gender parity gap increasing in 2021 to 23.5%.
At Liberty Hive we are committed to opening this debate to understand how we can help our industry talk openly around what has historically been a pretty taboo subject! We don’t believe salaries should be a guessing game. Being transparent about salary makes sense as it puts everyone on a firm footing to negotiate pay on a fair basis. We also know that from a practical perspective it saves time and resources.
As a tech platform, we are committed to developing our technology to create the most fair and equitable conditions for our clients and candidates alike, making this one change could make a big difference.
Our data shows it will help companies recruit the best talent more quickly and successfully, whilst improving pay equality:
What are we doing?
From January 2023 we will be encouraging our partners to list a salary range during the recruitment process and when posting job adverts. We won’t ask our candidates the salary history question and we will work with our agency partners to share best inclusive recruitment practice.
We’re also introducing new technology to our portal, which will provide us with a broader data set that we can use to provide clients with benchmarking for specific roles as needed.
We will continue to monitor and test the results for job posts with and without salary ranges, sharing this openly with our partners.
Click here to access our guide: https://mailchi.mp/libertyhive/salary-transparency
Interesting stats and facts at a glance: