The 2024 North America Pay Transparency Readiness Study

Pay Transparency and Equity

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This insight is part 02 of 10 in this Collection.

The 2024 North America Pay Transparency Readiness Study

The 2024 North America Pay Transparency Readiness Study

Aon’s 2024 North America Pay Transparency Readiness Study reflects feedback from more than 600 HR and rewards professionals to understand how they are approaching an increasingly complex regulatory landscape.

Aon has conducted this study to assess the readiness of North America-headquartered organizations in addressing local and global pay transparency legislations.

The study covers topics such as:
  • Identifying the critical factors driving a stronger focus on pay transparency issues;
  • Developing an effective communication strategy around pay transparency;
  • Understanding how organizations are communicating pay ranges when recruiting for open positions; and
  • Recognizing the importance of a robust and analytical job evaluation methodology.

Video

2024 North America Pay Transparency Readiness Study

Brooke Green, head of Talent Solutions for North America, shares key takeaways from Aon's 2024 North America Pay Transparency Readiness Study, with input from more than 600 respondents.

Key findings from the study show:

  1. As many as 63% of companies do not communicate salary ranges to employees
  2. Only 31% of respondents say they have a pay transparency communication strategy
  3. Only 51% of companies currently have conducted an independent pay equity analysis

If you have any questions about this research, or would like to consult with one of Aon's pay transparency experts, please contact us at hcainsights@aon.com. 

18%

Only 18% of companies feel that they are ready for Pay Transparency.

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More than half the U.S. population lives in places with some form of regulation. This, coupled with the growing compliance issue toward pay transparency, is spurring more employers to act and become transparent with their total rewards strategies.

Kelly Voss
Partner, Head of Rewards and Career Advisory, North America

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