“A lack of transparency results in distrust and a deep sense of insecurity” - Dali Lama
There has been a lot of noise recently about pay transparency. The adoption of the EU Pay Transparency Directive by the European Council in April 2023 caused a bit of a stir. The practice of openly sharing information about compensation (salary, bonus etc.) with employees and job candidates appears to be seen as a quite radical concept in some quarters!
Here are 5 things worth knowing about pay transparency.