Fair Pay Impact Report
In the wake of the Great Resignation, new research from Payscale reveals that perception of fair pay impacts employees’ intent to leave.
Research Reports
Total compensation and rewards statement software
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.
Make pay communications easy with Payscale
Payscale’s Total Rewards Statements and Visual Offer Letters make it simple for you to effectively communicate pay to both internal employees and external candidates. Build trust by providing your team with clear and comprehensive pay and benefits information that allows them to understand their total value to your organizations.
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 can be tailored to specific employees or groups of employees. They also come with historical views to help managers track the growth of employees over time.
- 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
Featured content on pay communications and transparency
Whitepapers
The Definitive Guide to Effective Pay Communications
Transparency and communication surrounding pay are essential when it comes to keeping employees happy. But just how much so? Maybe you’re starting to think about a pay communications plan or need to refresh an existing one. No matter where you are on your journey, dive into this whitepaper to learn about the benefits of having a plan and how to create one.
Webinars
Pay Transparency Legislation Series, Ep. 4 - Webinar On-Demand
Join Payscale’s VP of People, Lexi Clarke; Chief Product Evangelist, Ruth Thomas; and Senior Corporate Attorney- Employment, Lulu Seikaly as they answer your most pressing questions surrounding recent and upcoming pay transparency legislation
Research Reports
2022 Compensation Best Practices Report
Payscale’s annual flagship report distills data and insights from the largest known survey on compensation management best practices to help employers refocus compensation's role in the Great Reevaluation.
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
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.
British Columbia, the Canadian province with the widest gender pay gap, passes pay transparency legislation
On May 11, 2023, British Columbia’s Bill 13-2023: Pay Transparency Act received Royal Assent, becoming law with an effective date of November 1, 2023.
The legislative lowdown: May 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 May
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.
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