Why pay transparency regulations are a strategic management opportunity

• Verfasst von: Montag-Smit, Tamara [VerfasserIn]
• Verfasst von: Evans, Karoline [VerfasserIn]
• Verfasst von: Smit, Brandon [VerfasserIn]
• Verfasst von: Batz-Barbarich, Cassondra [VerfasserIn]
• Titel: Why pay transparency regulations are a strategic management opportunity
• Verf.angabe: Tamara Montag-Smit, Karoline Evans, Brandon Smit, Cassondra Batz-Barbarich
• Ausgabe: [First edition].
• Verlagsort: [Cambridge, Massachusetts]
• Verlag: MIT Sloan Management Review
• Jahr: 2023
• Umfang: 1 online resource (7 pages)
• Fussnoten: "Reprint #65222.". - Includes bibliographical references
• Datenträger: Online-Ressource
• Sprache: eng
• K10plus-PPN: 1871285674
• K10plus-PPN:
  Universitätsbibliothek
• Lokale URL UB: Zum Volltext
• Lokale URL UB: Bibliothek der Medizinischen Fakultät Mannheim der Universität Heidelberg
• Bibliothek/Idn: UW / m4418425527
• Lokale URL Inst.: Zum Volltext

Abstract

Pay transparency regulations are designed to close the wage gap. Research shows that despite broad assumptions to the contrary, women do negotiate on salary. It also shows that when pay information is paired with performance data, it leads to clearer comparisons and fairer negotiations and can motivate people to perform better. Robust appraisal systems can make pay transparency an opportunity to improve performance rather than a compliance burden.