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January 17, 2023

How pay transparency may affect your job search or raise

  • About a dozen states and municipalities have mandated access to salary information
  • By HAL M. BUNDRICK
    NerdWallet

    iStock image
    Employment experts say transparency may narrow gender and ethnicity wage gaps and level the playing field for job seekers and current workers.

    Knowing if you're being paid fairly for the work you do is a mystery shrouded in a lack of information. That may be changing, though, and pay transparency may be the catalyst. It's a growing trend for companies to reveal what a job opening or current position pays — whether voluntarily, or because governments mandate it.


     
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