Report Shows Over Half Of Staff Want Total Pay Transparency In The Workplace More than half (56%) of staff would be happy for pay information to be made publicly available in order to tackle pay inequality. A new survey from YouGov has found that a majority of employees across the UK would like absolute transparency in the workplace. 2000 respondents were surveyed across a variety of sectors.
Women were more comfortable with the idea of pay transparency, with 58% supporting this compared with 54% of men.
Salary was ranked the most important factor in employment by 57% of staff, although work-life balance came a close second (55%). These were followed by job security (45%), colleagues (40%), length and convenience of the commute (34%), financial benefits such as a pension (20%) and culture (12%).
However, the results also indicated that workers’ priorities were changing as many were giving work-life balance prominence in their employment decisions. Fifty-two per cent of 39-54 year olds felt work-life balance had increased in importance throughout their career and 71% said they would be able to do their job to the same standard in four days as they do in five.
The findings from the survey of more than 2,000 full-time employees indicate British workers want salary transparency and would be ready to give up their own privacy in exchange. Three in 10 (31%) respondents are dissatisfied with their current level of pay, and 52% would consider leaving their job if their pay does not increase in the next one to two years.
In Norway, every citizen’s earnings are made available for the public to inspect in a system that has been in place since the early 1800s. In Sweden, companies with 25 or more employees must have an equality action plan, and every worker’s pay details can be accessed from tax authorities.
Here at ELAS, we understand that payroll can be a complex, time consuming and costly task. Especially when you’re trying to manage and maintain it in-house. That’s why
our outsourced payroll service is here to help relieve that stress and reduce the risk of any errors when it comes to your payroll.
Long gone are the days of paper payslips. We provide electronic payslips to your employees, allowing us to deliver a cost effective outsourced payroll service at an affordable price for every business, regardless of size. This also helps make everything seamless, transparent and straight forward for your staff whilst ensuring that all sensitive information is protected inline with GDPR regulations and our ISO27001:2013 standard.