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<\/div>\n?Many organizations that provide salary ranges in job postings are reaping rewards.<\/p>\n
About 70 percent of organizations that list pay ranges in job advertisements said it has led to more people applying for their jobs, and 66 percent discovered that it has increased their quality of applicants, according to new data by SHRM Research<\/a> released on Equal Pay Day 2023.<\/p>\n “These results highlight that many organizations who provide salary ranges in job postings find doing so helpful to applicant quality and quantity\u2014two major questions at organizations where pay transparency may be on the horizon,” said Derrick Scheetz, a senior researcher with SHRM.<\/p>\n The report comes as more states and localities\u2014from California to New York City\u2014are passing laws that require employers to list salary ranges in job listings. About 1 in 4 employees now live in an area where employers are required to share pay ranges, according to calculations by research firm PayScale<\/a>.<\/p>\n The National Women’s Law Center noted that mandating employers to share salary ranges can serve as a mechanism to close the gender pay gap<\/a>. Pay transparency can also promote employee trust, loyalty and productivity, which can improve a company’s bottom line.<\/p>\n Workers Want Pay Transparency<\/p>\n Some organizations have raised concerns that posting pay ranges may lead to negative outcomes, such as fewer people being interested in applying, and the additional administrative burden of disclosing salaries.<\/p>\n However, the SHRM report found that among U.S. workers:<\/p>\n The findings align with a 2022 LinkedIn report<\/a> revealing that 91 percent of workers said that including salary ranges in a job post would affect their decision to apply, and 82 percent of respondents said seeing a salary range would give them a more positive impression of a company.<\/p>\n Some workers even say failing to include a salary range in job advertisements should be illegal<\/a>.<\/p>\n But more employers are showing a willingness to be more transparent: Among organizations participating in the SHRM survey that were not required by law to list salary ranges, 67 percent voluntarily list pay information in their job postings sometimes, often or always, the data revealed.<\/p>\n\n