Imagine you could find out exactly what your coworkers earn.
You wouldnt need to subtly bring up the conversation over Friday night drinks.
Wouldnt things be, well, easier?
At the very least, youll be able to get a ballpark figure.
This ground-breaking proposal means that we could be about to enter an unprecedented period of wage transparency.
It sounds pretty promising, right?
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Heres what you gotta know.
Pro: The gender pay gap will get smaller
This ones a bit of a no-brainer.
Its no surprise that these measures will help reduce the gender pay gap.
So what does that actually mean?
Pro: Fewer salary negotiations
Lets face it, no one likes salary negotiations.
Youve crafted a killer CV, aced your interviews and maybe even completed assessments or tasks.
Under the proposed regulations, candidates would know exactly what they could be earning from the get-go.
The developer really likes company A and is close to signing the contract.
In fact, they actually worked harder.
The staff members were able to use this salary average as motivation and something that they could work towards.
Rather than demoralizing employees, it actually gave them a boost.
This, in turn, could lead to employees having a clearer career path and goal.
The phenomenon is so popular that its been dubbed tax porn.
However, not everyone will be happy about their salary being available online.
Will we see pay transparency in 2024?
