Pay transparency

{
  "id": "MLC-T-INS-002520",
  "term": "Pay transparency",
  "field": "Insurance and risk management",
  "definition": "The practice of openly communicating information about employee compensation within an organization, including salary ranges for job postings. This policy affects risk management by potentially reducing pay discrimination claims and improving employee morale. Many jurisdictions now have laws mandating some level of pay transparency, creating compliance risks for employers and influencing underwriting for employment practices liability insurance.",
  "url": "https://mlchart.com/terminology/insurance/pay-transparency/"
}