For the time being, you may believe in limiting access to most pay data, potentially including salary bands. This gives you the flexibility to evolve processes in the short term, even if greater transparency is your end goal. You might also have concerns about how employees would respond to transparency.
Surprised by the benchmark?
Lattice’s 2023 State of People Strategy Report shows compensation transparency for employees is relatively low. At over half of companies, only HR and finance have visibility into employee pay bands.Get the report