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Salaries in full disclosure

By: Staff Journalist, Singapore
Published: May 06, 2008

UK - Sixty percent of HR professionals say they are willing to disclose their salaries to stamp out pay inequality.

A survey of 1,000 workers by Hudson highlighted that 57% of respondents believe that senior managers should come clean with their salary to employees. Sixty-four percent of respondents believe that the gender pay gap will be reduced if there were greater transparency about salaries.

According to the report, 55% of female HR professionals felt secure about revealing their annual salary whereas two-thirds of male practitioners would do likewise.

Hudson's associate director Anthony Pierce said that firms that neglect to address the issue of the gender pay gap would risk alienating half of their staff.

He said that revealing senior manager's salaries can be used as a motivational tool.

Successful listed companies where board executives have to disclose their salaries, Pierce said, can fuel aspirations and the performance level of those employees with an eye on a top job.

"It can also help a company's retention figures, by contributing to a culture of fairness and honesty," he added.

Companies featured:

  • Hudson Global Resources

Wednesday, 7 January 2009, 06:03 AM


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