Pay transparency has moved from a “nice to have” to a deciding factor for UK workers, with new research finding that 72% of UK employees say pay transparency is important or very important in their decision to stay with or join an organisation.
However, despite the growing importance of pay transparency in the workplace, awareness remains low. Only 29% of UK employees say they are aware of the EU Pay Transparency Directive and what it could mean for pay transparency expectations at work, according to the findings from SD Worx.
Expectations are also moving in one direction: 53% of UK employees say they expect pay transparency to increase in the coming years.
The EU Pay Transparency Directive is accelerating the shift towards greater pay openness across Europe, requiring employers in EU markets to be more transparent about pay and to take action where there are unexplained differences.
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