Justly; βaccording to what is morally right or fairβ
Employees want to know how they're paid. Period.
When companies are transparent about their compensation practices, they build trust with their employees. This leads to higher engagement, improved job satisfaction, and reduced turnover rates, fostering a more motivated and loyal workforce.
Pay transparency is crucial in bridging gender pay gaps, which is why it is becoming a legal requirement in the European Union and many other parts of the world.
Pay transparency is not just the right thing to do but also becoming a mandate.
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