More companies expected to disclose pay information, survey finds

Lack of pricing transparency makes controlling health care costs a big challenge for employers.

Pay rate and range disclosures are about to increase in North America. A new Willis Towers Watson (WTW) survey called The 2022 Pay Clarity Survey, finds that 17% of companies are already disclosing pay range information in U.S. locations where not required by state or local laws.

Also, 62% of organizations are planning or considering disclosing pay rate information in the future, even where there are not local mandates requiring them to do so. This will include information such as hiring range and full salary range, with 58% of companies planning on doing the former and 48% the latter. The survey finds 71% of companies plan to use a consistent approach in determining which pay rate and range information will be disclosed across all jobs. Over half of organizations (57%) are applying a geographic pay policy to determine the pay rates or ranges, and they will differ based on location of the job.