Pay management gets more transparent ­– CIPD

Pay management is entering a new era of transparency and openness, according to the 14th reward management survey from the CIPD. More than two-thirds of the 700 employers surveyed say they are open about how pay levels and pay increases are set, with almost a third favouring ‘great’ transparency.

This openness, particularly amongst larger employers, may in part be driven by the introduction of new requirements such as gender pay gap reporting, the CIPD suggests, with two-thirds of those questioned believing that the new reporting requirement will help reduce gender pay disparity.

Charles Cotton, senior reward and performance adviser at the CIPD, said:

‘While we’re still some way off from seeing full disclosure on pay and reward, there are strong indications that employers are increasingly willing to be open about the processes behind their pay decisions and, in some instances, the outcome of these.’

‘Reward Management: Focus on pay’, CIPD, December 2017: www.cipd.co.uk/knowledge/strategy/reward/surveys