Is this a new trend for spring/summer 2022? Actually, it is already a trend for some years and is here to stay. There are reports from 2017 that workers are already talking about how happy they are to know how much they will get paid.
So what is salary transparency? This is all about making salary information available to all employees within and outside a company.
According to Glassdoor, 96% of job seekers say it's important to work for a company that embraces transparency. And 70% of employees believe salary transparency is positive for employee satisfaction - 72% believe it's good for business.
We care about people, and that's why transparency and honesty are important to us. We know that transparency is good for all parties involved. It helps ensure that we're all on the same page regarding compensation. And it also allows actual and Imaginarees wannabes to make more informed decisions about their careers.
But this was not our first transparency move. Before that, we restructured the career system so that each Imaginaree knows where they stand, what is expected of them, and the natural career progression. Spoiler alert: moving forward is the way.
In addition, we often fill out internal satisfaction questionnaires, and it's easy to talk freely with our superiors. We also have monthly meetings with the People team to talk about food, fear of bugs, ... and our work and performance (always exceptional, of course). So it seemed natural to us that the next step would be to reveal our salary ranges for each role at our company.
We share this information because:
Pay transparency is a natural step in aligning with some of our values: respect and care, and excellence through collaboration and empowerment.
We work and grow as a team no matter what. For that, respect and care are essential.
But it's a two-way street. We respect the Imaginarees, so everyone feels good (so good, 'cause we got Imaginary Cloud). And the Imaginarees care more and take more responsibility. Consequently, the more efficient and collaborative our teams are, the closer we are to our purpose of improving people's lives through technology.
So, why do we do this?
A transparent salary structure improves employee morale and understanding of how we set pay levels. When we're open and honest about it, everyone can feel confident about their salary matching their skills, experience, and performance, being fair and objective.
Also, once employees learn more about senior salaries, their motivation increases, and they can see the rewards of career advancement. Then those who want to advance their careers are motivated to work harder to achieve such remuneration.
We can make better decisions about our lives when we know our salary and what we can achieve. So no surprises!
We are pro-equality (go humanity!). We believe that pay transparency reduces pay gaps due to racial, gender, and background biases. Pay is determined clearly, with full transparency, resulting in less bias.
When you know what to expect, this predictability empowers you. We believe that people should get ahead based on their accomplishments. When people put in the effort, they deserve to be rewarded.
We also believe when we are open and honest with the Imaginarees, it builds trust and creates a more human-centric environment in which people can thrive.
Being an Imaginaree is more than working at a company called Imaginary Cloud. It's having a workplace that provides all the tools and guidance needed for success and knowing what to expect.
If you are looking for a great place to work and human centric company, we’re hiring. Check out all the open positions. We’re looking forward to receiving your resume and making you a part of our team.
Content writer with a big curiosity about the impact of technology on society. Always surrounded by books and music.
COO @ Imaginary Cloud and advocate for human-centric culture in organizations. Tech enthusiast, Gin lover, problem-solver.
People who read this post, also found these interesting:
.png)
