What was the most valuable thing you learned during this session?
Prepare to make data available
- Recent developments such as #MeToo, US pay gap legislation, and US state government activity have created an environment in which current and prospective employees, shareholders, and regulators are increasingly demanding greater transparency.
- Gradually, certain US states (such as Colorado, California, and Washington) and local governments (New York City) are requiring companies to post pay ranges for open positions.
- Demographic data is also subject to disclosure in many jurisdictions, and more employees are demanding the disclosure of data beyond what is legally required.
Action item: Get ahead of issues that may arise, like addressing current pay gaps and discrepancies, especially between current employees and new postings.