“Companies that provide realistic and reasonable salary ranges can build trust with potential employees and attract more qualified candidates.”
SAN FRANCISCO (PRWEB) November 17, 2022
ResumeBuilder.com, the premier resource professional resume templates and career resources, has published a recent survey report that explores sentiment surrounding salary transparency laws. Overall, 1,200 American workers were surveyed.
Based on survey results, 88 percent of workers, if permitted by law, would demand to know the salary range for their current position. The results suggest that workers are likely to take action if they find out co-workers receive higher compensation for the same job. Sixty-three percent of workers say they would demand equivalent pay, 9 percent say they would take legal action, and 4 percent say they would quit their jobs.
Among respondents who are unaware of the salary range of their current role, 68 percent claim they would demand the highest end of the range. Eighty-five percent say they are more likely to apply to jobs that list the salary range in the job description. However, survey respondents are divided on whether there should be parameters on salary ranges. Fifty-eight percent say companies should be able to list any salary range, no matter how wide. The other 42 percent say salary ranges should have limits.
“While applicants tend to favor companies that provide salary ranges in their job descriptions, displaying a very wide salary range does not help anyone,” says Stacie Haller, career counselor and executive recruiter. “Companies that provide realistic and reasonable salary ranges can build trust with potential employees and attract more qualified candidates.”
Overall, 92 percent of American workers support salary transparency laws. Of supporters, 61 percent believe these laws will improve wage gaps, 58 percent believe they will make it easier for job applicants, and 47 percent say they will boost transparency. However, 63 percent of respondents fear it will be problematic to know how much money their co-workers make.
This survey was commissioned by ResumeBuilder.com and conducted online via survey platform Pollfish on November 2, 2022. Appropriate respondents were found via a demographic screening question. All 1,200 survey respondents were 18+ and currently employed for wages. To view the complete report, please visit
https://www.resumebuilder.com/1-in-20-workers-will-quit-if-transparency-laws-reveal-they-are-paid-less-than-co-workers/.
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