The legislative lowdown: August 2023
Pay transparency legislation does not seem to be slowing down as 2023 continues. Below is a round-up of recent legislative updates that took place in August
Recruit and retain top talent with effective pay communication
Pay communications are the bedrock of employee engagement and retention. Effectively communicating pay allows you to build trust, retain talent, and hire more effectively by putting pay transparency at the forefront. Payscale can help you become more confident in how you communicate pay to both your employees and candidates.
Get a DemoThe total compensation and Pay Transparency Spectrum
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What am I paid?This level of communication is the most basic, simply sharing what an employee makes with that individual employee.
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How do you determine my pay?At this level of communication you may begin to share how you utilize market data to determine employee pay.
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Where can my pay go from here?At this level you have developed a salary structure process. You can now share salary ranges with your employees and where they fall within their range.
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Why do you determine pay the way you do?At this level you and your managers are equipped to have productive pay conversations, explain why your employees make what they do, and what your pay philosophy is.
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Whoa, I know everything I ever wanted to about pay!At this level, you are prepared to communicate pay not only internally but externally as well via salary ranges in job postings or pay reporting requirements.
Confidently communicate pay with Payscale
Payscale’s Total Rewards Statements and Visual Offer Letters allow you to build trust by providing your team with clear and comprehensive compensation information that allows them to understand their total value to your organization.
Combined with Payfactors, our market leading Compensation Management platform, you can feel confident about the pay decisions you are making and ensure your teams are equipped with the data they need to effectively communicate pay.
Combined with Payfactors, our market leading Compensation Management platform, you can feel confident about the pay decisions you are making and ensure your teams are equipped with the data they need to effectively communicate pay.
Engage in transparent, productive pay communications.
Now it’s easier to let employees and candidates know just how much they are valued.
Schedule a personalized demoTotal Rewards Statements
Total rewards statements from Payscale allow you to communicate value beyond just a number. From base salary to non-monetary benefits, and more, organizations can build trust and improve retention by transparently illustrating total value.
- Integrate total rewards communications with compensation management
- Choose from a variety of templates to simplify and standardize
- Customize information presented to employees
- Share directly and securely with managers and employees online
- Access historical versions to help managers track employee progression
Visual Offer Letters
Payscale’s Visual Offer Letters enable you to recruit top talent by delivering an exciting offer experience to candidates that brings benefits to the forefront, including equity scenario modeling, while aligning your compensation strategy with your offers.
- Provide an interactive offer experience that your candidates can’t ignore
- Bring benefits to the forefront with a total rewards overview
- Clearly convey the equity aspects of your offer with explanations, calculations, and FAQs
- Align your hiring team around a single source of truth for ladders, levels, and pay bands
- Effortlessly synchronize your employee and offer data in real time with 20+ integrations
Services to start improving pay communications
Payscale offers manager training on pay communications and how to use total rewards statements to maximum effect.
Learn about our servicesFresh perspectives on pay communications and total rewards statements
The legislative lowdown: July 2023
Pay transparency legislation does not seem to be slowing down as 2023 continues. Below is a round-up of recent legislative updates that took place in July
The legislative lowdown: June 2023
Pay transparency legislation does not seem to be slowing down as 2023 continues. Below is a round-up of recent legislative updates that took place in June
Pay transparency increases retention by 30 percent or more, according to new research
Recently released research from Payscale finds that pay transparency is correlated with decreased likelihood that employees will seek a new job. These results should be a relief to organizations grappling with the potential consequences of pay transparency. However, there are some caveats.
Start communicating clearly about pay with Payscale
Ask how our compensation software with total Rewards Statements and Visual Offer Letters can help you get pay right.
Supercharge your pay communications
Discover how Payscale can help you achieve all your compensation goals.
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