HR Magazine – Salary transparency in job postings hits lowest level in six years

The number of job postings where the salary is advertised fell in 2022, reaching its lowest level in six years.

Research from job search engine Adzuna showed that 60% of job vacancies in the UK in 2022 disclosed the salary of the position, up from 64% in 2021.

Mid-level positions (66%) were the most likely to disclose salary in the ad, followed by junior-level positions (63%) and entry-level positions (55%).

Half (50%) of internships disclosed salary, while only 43% of management positions followed suit.

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Jill Cotton, career trends expert at Glassdoor, said pay transparency is key to achieving equality in the workplace.

Talk to HOUR magazine, she said: “Wages shouldn’t be a guessing game. Without pay transparency, equality in the workplace is nearly impossible to achieve as Glassdoor’s research indicates that women and people of color are much less confident when talking about salary and are therefore more likely to accept the offered salary rather than negotiate.

“Having a clearly displayed salary range eliminates the need for the candidate to bring up the subject of compensation. We need to break the taboo around compensation. And one of the easiest ways to do that is to be honest on the salary from the start. the hiring process: the job offer.”

The charitable sector was the top industry sector for pay transparency in 2022, with 87.8% of vacancies listing a salary. Social work followed with 75.9% and manufacturing with 75.3%. Conversely, retail (37.2%), science (34.1%) and creative industries (32.3%) were among the worst performers.

Paul Lewis, Chief Client Officer at Adzuna, said the current cost of living crisis has made pay transparency even more important.

He said: “With the skyrocketing cost of living, getting paid what you are worth has become even more of a priority for working people. We are seeing growing calls for pay transparency from industry players, job seekers and employees, and even a pilot trial from the UK government. But the cold, hard statistics show the UK is moving in the opposite direction, with the proportion of job adverts leaking vital wage information at a six-year low.

“This is worrying. There is plenty of evidence to suggest that a lack of pay transparency can worsen pay gaps, while being stressful and wasting time for job seekers. We believe it’s time for change and that’s why we’re campaigning for the government to make it a legal requirement for every job posting to disclose a salary.

In addition to equality, Cotton said companies would see other long-term benefits with greater pay transparency.

She said: “Pay transparency can increase short-term turnover by showing employees what their skills and experience are worth in the open market. It can help workers move up the career ladder faster and , ultimately getting jobs that are better suited to them. By better linking workers with employers, this could lead to a short-term increase in turnover, but greater long-term stability, which would also benefit employers with higher retention.

“Pay transparency encourages employers to be more creative in how they compensate their employees beyond salary, by experimenting with new perks and benefits, investing in workplace culture, or offering more flexible working arrangements. flexible.”

Adzuna surveyed 2,0000 UK jobseekers in September 2022.