What is Pay Transparency? | Find the Right Employee

what is pay transparency

In the past, listing the compensation range was optional. But in late 2023, governments all across Canada started looking to increase transparency between employers and applicants. Pay transparency, the act of disclosing an expected salary or salary range on public job postings is now mandatory in several provinces across the country.

Pay transparency is being implemented to help decrease pay inequality and discrimination. Compensation differences between employees due to discrimination affect individuals all over Canada, and this step will bring us one step closer to closing that gap. According to Statistics Canada, the average Canadian woman makes $0.84 for every dollar a Canadian man makes. This gap is even more significant for Indigenous and racialized women. Clear communication about what compensation is to be expected will help applicants to make more informed decisions.

Find the Right Employee

With constantly changing regulations, posting a job opening can become even more stressful. Many business owners are already busy enough before starting the hiring process. A change in laws (or expected changes in the future) can leave businesses unsure of what new regulations they must follow when publicly posting a job opportunity. That’s where Pivot HR can help. We ensure your job descriptions follow employment standards in your jurisdiction. We are familiar with laws and regulations all across Canada and the US, including regulations specific to states or provinces.

Prospective employees are looking for a position with fair compensation and benefits in an environment that they can see themselves working in for a long time. At Pivot HR, we sometimes see businesses that are experiencing a high turnover rate for a position. When they come to us, our team takes a look at all elements which could be affecting employee turnover. This includes:

  • Compensation and benefits
  • Bullying and harassment
  • Poor leadership
  • Toxic workplace culture

By implementing pay transparency, your job posting will give applicants a clear idea of the seniority level of the position. Making sure to invest the proper amount of time and money into the hiring process and that new employees’ needs are being met is how you can combat future turnover, which can put you back ten steps.

Outsource the Hiring, Reap the Benefits

Pivot HR conducts interviews with new hires a few months into their employment to understand what’s working well and what needs improvement. This valuable feedback enables timely responses to address concerns and reinforce positive practices. Additionally, we can assist in conducting an annual survey of all staff to identify key issues affecting their commitment to your company. Using this feedback, we collaborate with you to design and implement a retention program, helping to retain your top talent.

If you’re interested in onboarding qualified, experienced staff who are in it for the long haul, hire Pivot HR to outsource your hiring process. Our proven strategies help to eliminate stress from you while finding only the top pool of candidates for your review.

Contact our team today to book a call.

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