Communicate the what and why of how you pay

Pay communications are the bedrock of employee engagement and retention. Payscale total rewards statements can help you become more transparent and build confidence with your employees that their pay is competitive using streamlined technology.

Introducing the Pay Transparency Spectrum

Pay transparency is commonly misconstrued as an either/or choice between keeping pay secret and publishing salaries. In actuality, pay transparency is a spectrum that informs your approach to pay communications. Most organizations target being on the upper end of the spectrum where managers utilize tools like total rewards statements to communicate to individual employees how their pay is determined, where they fall in their pay range, and how to grow with the organization.

Payscale's Pay Transparency Spectrum

Make pay communications easy with total rewards statements

Total reward statements (TRS) are tools used by managers to show employees the breakdown of their compensation and benefits so employees understand the full value of their total rewards package.

Auto-generated and totally customizable

Total rewards statements from Payscale can be tailored to specific employees or groups of employees. They also come with historical views to help managers track the growth of employees over time.

Integrate total rewards communications with compensation management
Choose from a variety of templates to simplify and standardize
Customize information presented to employees
Share directly and securely with managers and employees online
Access historical versions to help managers track employee progression

Why you should use total rewards statements

Build trust

Employees don't know if they are paid fairly and are likely to assume they are being paid below market.

Increase retention

When employees believe they are paid below market, they are more likely to seek out other opportunities.

Stand out

Organizations with clearly communicated pay policies will create differentiated employer brands.

Featured content on pay communications and transparency

Research Reports

Fair Pay Impact Report

In the wake of the Great Resignation, new research from Payscale reveals that perception of fair pay impacts employees’ intent to leave.

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Whitepapers

The Definitive Guide to Effective Pay Communications

Transparency and communication surrounding pay are essential when it comes to keeping employees happy. But just how much so? Maybe you’re starting to think about a pay communications plan or need to refresh an existing one. No matter where you are on your journey, dive into this whitepaper to learn about the benefits of having a plan and how to create one.

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Research Reports

2022 Compensation Best Practices Report

Payscale’s annual flagship report distills data and insights from the largest known survey on compensation management best practices to help employers refocus compensation's role in the Great Reevaluation.

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