Glassdoor, the world’s most transparent jobs and recruiting marketplace, today unveiled the results of its Global Salary Transparency Survey which reveals almost half of employees globally (47 percent) say their employers still do not share pay data internally. Furthermore, the majority of employees in the UK (69 percent) wish they had a better understanding about what fair pay actually is for their position and skill set at their company and in their local market. More than half of employees in the UK (57 percent) believe they must switch companies in order to make a meaningful change in their compensation. The Glassdoor survey polled 4,300 adults employed full-time/part-time in seven countries (the United Kingdom, United States, Canada, France, Germany, the Netherlands, and Switzerland).
“Even in 2016, most employees—especially women—remain in the dark about what is fair pay for their particular role. The majority of employees report their companies do not share pay data internally even as most employees believe salary transparency is good for business and employee satisfaction,” said Dawn Lyon, Glassdoor vice president of corporate affairs and chief equal pay advocate. “Employers need to understand that perpetuating salary sharing taboos can ultimately impact retention. More than half of employees around the world feel that in order to get a significant raise they need to jump to a new company. Our data shows by helping employees understand fair pay and providing clear pathways for advancement, employers can increase employee satisfaction, engagement and retention.”