Description: When you find out a colleague who is bringing in less revenue to the company is making more money than you, that can sting. That’s exactly what happened to Jen Aitchison one night when she was out with some co-workers for a couple of drinks after work. Some, like HR professional Allison Venditti, argue for more openness on salary matters; it takes the secrecy advantage away from the employer, removing a way to suppress salaries. On the flip side, however, while some research suggests that transparency can help reduce pay gaps, it may also reduce average wages.
Date: January 17, 2022
1) Have you ever had a job where salary information was open?
2) When you are approaching graduation and looking for a career, will your choice of employer be influenced by salary transparency?
3) Page 1-13 of Wiley’s Auditing: A Practical Approach introduces the concept of corporate social responsibility (CSR) reporting. How might a company deal with salary transparency as part of its CSR?