Pay Transparency in Practice

We work on pay transparency initiatives with diverse companies across industries

Our expertise is in helping organizations navigate the complexities of pay transparency by designing and implementing customized solutions and strategies for managing compensation. Due to the impending EU Pay Transparency Directive, we are working with multiple clients of different sizes and industries to ensure equal treatment around pay as well as preparing for the legislative changes.

Building trust and competitive advantage through transparent compensation strategies

Pay transparency has become more than just a trend—it’s an essential element of an equitable workplace. Besides being the right thing to do, pay transparency is also becoming a legal imperative around the world. Employees are increasingly expecting openness and fairness in compensation practices, and businesses that embrace pay transparency can foster stronger employee engagement, trust, and retention. Our aim is to work with our clients to ensure that pay practices are both competitive and transparent, enabling attracting top talent and maintaining trust across the workforce.

Our approach

When it comes to pay transparency, there’s no one-size-fits-all solution. Our approach is tailored to your organization’s specific goals, industry, and regulatory landscape. We guide you through a comprehensive process to help you achieve greater transparency, while also managing risk and maintaining internal equity.

Here’s how we work with clients to build transparent and effective compensation frameworks:

1. Analyzing the current situation and ensuring availability of data and resources

   We begin by conducting a detailed assessment of your current compensation structure, pay policies, and the degree of transparency in place. We identify any gaps in your pay practices and support your understanding of the needed resources. This forms the foundation of a clear, data-driven strategy for improvement.

2. Building a Pay Transparency Roadmap

   We support companies in planning actions, tools and needed change management. We also support your understanding of the current and upcoming legislative requirements, for example the EU Pay Transparency Directive.

3. Defining the structures to support internal fairness

   We can support in job evaluation, building a job architecture, and creating pay structures and ranges. We build global models using proven job evaluation methodologies and best practices.

4. Supporting with pay analytics and reporting

   We can review options and recommend solutions for modern pay equity analytics, for example to report gender pay gaps and comply with legal requirements. We also support clients by doing the analyses for them.

5. Ensuring non-discrimination and biases are mitigated in all processes

   To ensure that pay transparency is embedded within your organization, we help you develop clear policies and processes that promote fairness and openness. This includes creating guidelines for salary discussions, internal communications, and external recruitment, as well as developing processes for handling pay reviews and adjustments.

6. Planning employee communication and facilitating trainings

   Transparency isn’t just about numbers; it’s about communication. We work with you to develop a communication plan that clearly explains your pay practices to employees at all levels. This could include training for managers on how to discuss compensation, creating employee-facing materials that outline how pay decisions are made, and ensuring clarity around performance and reward linkages.

7. Reminding you that pay transparency is also about culture and leadership!

   Leaders who embrace transparency foster a culture where employees feel valued, respected, and informed. It also requires leadership to communicate clearly, manage expectations, and address any inequities, which builds trust within teams. Ultimately, transparent pay practices signal that the company prioritizes equity and accountability at all levels.

The Why for Pay Transparency