More companies are publishing salary bands – is this the future, or risky?

At the end of July, Hook, a creative production house based in Ann Arbor, Mich., and San Francisco, took the bold but progressive step of publishing its pay bands on its website. It is a milestone moment in a five-year journey for the company striving to achieve greater parity and transparency.

The hope is competitors and organizations in other industries that are typically slow to keep pace with change will follow its lead.

A growing number of states are adopting salary transparency laws. But is publishing salary bands truly a good idea, considering rival companies could, in theory, steal top talent by offering more money?

This article was first published on DigiDay’s future-of-work platform, WorkLife, in August 2022 – to read the complete piece, please click HERE.

Published by

Oliver Pickup

Multi-award-winning writer, content editor, ghostwriter, and TV and radio commentator (and occasional illustrator), specialising in technology, blockchain, startups, business, sport and culture. Founder of Pickup Media Limited. Interviewer of death row prisoners, legendary athletes, influential leaders, tech trendsetters, and cultural pioneers. By-lined in every English newspaper. Contributor to dozens of multinational publications.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s