Embracing pay transparency in the recruitment and hiring process yields numerous advantages. Employers can attract top job candidates and foster equity and inclusion through knowledge and trust.-By Lisa Trumbull

Pay transparency during the recruitment and hiring process builds trust between the organization and job candidates in the labor market, and also delivers a plethora of benefits. Sharing salary ranges, bonus, and incentive programs attracts serious top job candidates and qualified candidates who appreciate the organization’s culture of openness. Moreover, pay transparency has the potential to reduce wage disparities and recruitment costs, and promote equity....