Revealing starting salaries in job postings is starting to get messy for employers.
Just ask Hannah Williams, who launched a TikTok series asking strangers how much they get paid and is hearing from a lot of newly disgruntled workers.
“A lot of messages are about how their company just now started posting salary ranges since they are required by law, and they and their colleagues are finding out that the listing is for higher than what they're currently being paid,” the 26-year-old said.
“Most of the time what happens is they go to their boss and their boss will basically just say ‘there's nothing we can do. We have to have a higher salary because of inflation and it attracts better talent.’”
This employee-employer confrontation is not uncommon after a number of pay transparency laws were enacted this year. More than a third (36%) of 1,300 HR professionals surveyed by the Society for Human Resource Management (SHRM) said this change caused more current employees to ask about receiving a pay raise, the report found.
The issue is this for employers: Given that the job market remains robust, employees — especially younger workers — stunned to discover their pay is far below the advertised one are more likely to walk out.
“Rising inflation and labor shortages have required organizations to increase starting salaries to remain competitive,” Robin Erickson, vice president of human capital at The Conference Board, told Yahoo Finance. “However, many employees who find out that...
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