When it comes to the drivers behind increased pay transparency, a new survey has found that the stick is taking priority over the carrot.
According to WTW’s 2023 Pay Transparency Survey, regulatory requirements are, by far, the most commonly cited (81%) factor for encouraging greater levels of pay program communication. Coming in a distant second, third and fourth—in a near dead heat—are company values and culture (55%), employee expectations (54%) and an ESG/DEI agenda (53%). READ MORE