The Rise of Pay Transparency

CXR's Podcast digs into pay transparency and why we should be paying attention.

It’s not news that pay transparency is becoming a more significant issue. We’re looking to address it in a variety of ways with our Community and this month on CXR’s podcast channel,  we had the opportunity to have two great conversations about it.

First up, I sat down with CXR’s Founder, Gerry Crispin, to chat about transparency as a whole and what’s happening on the pay transparency front. With pay-related legislation popping up around the country, it’s clear that organizations, particularly their talent acquisition teams, need to make strides toward increased transparency within the hiring process.

Beyond impending or existing legislation, why should organizations focus on pay transparency? Gerry notes that without it, we’re helping to reinforce the pay equity gap between genders, races, ethnicities, and disabilities. Check out our 20-minute conversation here.

Why is pay transparency rising in importance?

I also had the chance to talk with Charlie Franklin, an HR practitioner turned entrepreneur. Charlie co-founded Compa, a deal desk software built as a bridge between TA and total rewards teams.

How did we arrive at the age of pay transparency? Charlie thinks it’s a combo of factors, including the fiercely competitive hiring market, the “evolving social contract between employees and employers,” and the availability of data, that has changed the hiring game. As a result, organizations at the forefront of pay transparency are empowering their recruiters to show up in a strategic and impactful way for both hiring managers and candidates.

To be successful as a recruiter in this market, Charlie notes that you need to “become fluent in your organization’s compensation language.” Check out the full podcast here.

These conversations are just the start of a planned focus on the importance of pay transparency and different ways to influence it. Stay tuned…

Chris Hoyt

Chris Hoyt

A veteran of recruiting and HR, Hoyt is a sought-after speaker with presentations including national conferences with SHRM, LinkedIn, HR Technology, ERE and others in the USA as well as UNLEASH, iRecruit, Australasian Talent Conference and more abroad. Chris has been promoting and leading full scale and enterprise-wide integrations of social media and mobile marketing within workforce strategies for his entire career. His expertise and passion for interactive/social recruiting, candidate experience, and both national and international recruiting strategies are all areas that Hoyt now leverages as co-owner and President at CareerXroads, a Recruiting/Staffing consulting and think tank organization that works with corporate leaders from around the world to break out of traditional recruitment practices and push the envelope in an effort to win the ongoing war for top talent.

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