Skip to content

Knowing whether you’re getting paid fairly for the work you do is a mystery shrouded in lack of information. However, that could change, and payment transparency could be a catalyst. There is a growing trend for companies to disclose what a job opening or current position pays, whether voluntarily or because governments require it.


So far, about a dozen states and municipalities have mandated access to salary information, including California, Colorado, Washington and New York City. Companies in jurisdictions are usually required to publish salary ranges with minimum and maximum salaries. The rules are different. Sometimes only job applicants need to be informed, while in other cases current employees may also request information about their pay range.

Roberta Matuson, president of Matuson Consulting in Boston, consults with companies seeking top talent. He believes payment transparency is “a step in the right direction.”

People also read…

“Knowledge is power. So, you know, if you had no idea you could make more money, you wouldn’t even ask for it,” Matuson says.


Pay transparency won’t eliminate salary negotiations, says Lexi Clark, vice president of people at Payscale, a national provider of compensation data and services. Instead, Clark says, it will encourage discussions of current and future salary expectations.

It will help employees and candidates “understand what their expectations should be and where the (salary) limits are and where there can be flexibility. It levels the playing field between employers and candidates to have a more open and transparent conversation,” he says.

And Lulu Seikali, Payscale’s senior corporate attorney, points out that under current law, employers are not barred from offering higher pay than the job range, as long as the company can provide objective reasons for the exception.

In the past, companies often based salary offers on what an individual earned in their previous jobs, Seikali said. “Many states have banned it now.”

If a potential employer asks about your salary history, Matuson says: “I would not refuse to answer, I would say. I would just turn the question around.”


Pay transparency reveals pay ranges, but does it narrow gender and ethnic gaps? It may be too early to tell.

However, Payscale’s Clarke says organizations that are more open about pay often have well-defined compensation structures and are less likely to have pay inequities.

He predicts how the gender wage gap can be reduced. “Women’s salary will increase as much as it should be. the wages of some overpaid men may be reduced a little to be more in line with where they should be.’

Read the full story, plus this week’s top financial news:

US inflation eased again, falling to 6.5% over the past 12 months.  Look at the numbers.

U.S. consumer price growth moderated again last month, bolstering hopes that the impact of inflation on the economy will continue to ease this year.

5 Tactics for Paying Off Buy Now, Pay Later Debt

Chances are, your “buy now, pay later” bill from the holiday season is about to arrive or has already made its debut. Circumstances can change in a matter of weeks due to financial setbacks such as unemployment, unexpected…

Secret ways can affect your money in 2023

You’re probably familiar with the more obvious ways inflation affects your finances. Your money doesn’t go as far as, say, the grocery store. But inflation helps or hurts other ways that have received less attention.

Small business trends.  6 predictions for 2023

Since the start of the COVID-19 pandemic, small business owners have faced ever-changing regulations, tight cash flow, and general economic uncertainty. And 2022 has brought its own challenges, including inflation, rising interest rates and staff shortages. However, entrepreneurs remain resilient and optimistic about the year ahead. In fact, 66% of small business owners expect their revenue to increase…

How to avoid hotel resort fees (and which brands are the worst)

You know how you book a room that was originally advertised for under $100 a night and then suddenly it’s over $150? That’s partly due to taxes, but another huge chunk is likely from resort fees. Some hotels have more outrageous resort fees than others, and while resort fees tend to rise…

6 ways to set financial boundaries

While setting boundaries around money can sometimes be a difficult task, it can help put you on the path to financial wellness. If you struggle with setting (and sticking to) financial boundaries, there’s no better time than the start of a new year. get into the habit. What are the financial limits? “The limits of money are limits which…

4 ways to improve your odds of meeting your New Year's money goals

With the new year ahead and the holiday splurge behind us, it’s a great time to set money goals, especially if you’ve spent a lot on gifts and travel recently and want to get your finances in order. You may be highly motivated at this time. solve each of your money issues…

5 Ways to Line Your Pocket for Uncertain 2023

Between inflation pushing up the cost of living and rising interest rates in response, 2022 was an expensive year. Rumors of a recession continue, so 2023 may have its own financial challenges. And consumers are worried. NerdWallet’s annual survey of household debt found that nearly 7 in 10 Americans (69%) have financial concerns…

Is it our civic duty to pay taxes?  |:  The Ethical Life Podcast

🎧 The hosts discuss why 88% of Americans think it’s okay to cheat on their taxes, while only 44% say it’s their responsibility to report criminal behavior to the IRS.



Leave a Reply

Your email address will not be published. Required fields are marked *