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.