Businesses are being more upfront about how much they pay as workers seek out higher wages, according to report
One new measure they're taking: Saying just how much their open roles pay. A new report from Bloomberg looks at data from Emsi Burning Glass, an analytics firm, that tracks how many job postings include compensation information., the answer is a whole lot more: Specifically, 12% of listings in 2021's second quarter included it. Meanwhile, in 2019, just 8% of listings from the same time included salary information.
As Bloomberg notes, the transparency comes as some states enact mandatory salary disclosure measures. Newer legislation in Colorado mandates that employers tell applicants just how much the role pays, in an effort to ensure workers are being equally paid. But, as Insider's Allana Akhtar, some companies started posting job listings that explicitly excluded applicants from Colorado.
The increase come amidst a shift in power toward the worker as businesses struggle to hire. The adage that"nobody wants to work right now" has persisted throughout the pandemic, but there's more to that narrative.
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