DISCLOSING SALARY IS BECOMING MANDATORY

Every company wants to attract the right talent, and all talent wants to find the right place to thrive and feel professionally seen and supported. As most of professional relationships start from curating and reading a job description, this text piece of information ultimately lays the foundation for trust. Disclosing job salary information is the first step for building this trust. We listed the main reasons why you should start disclosing salary information now.

TRANSPARENCY

Disclosing salary in the job description creates an immediate trust and mutual respect. It shows that the hiring company is standing steady behind what they are offering, and creates a concrete foundation for the rest of the recruitment process.

ATTRACT PASSIVE CANDIDATES

Passive candidates make up around 39% of the talent pool and are much more likely to apply to jobs that disclose salary information. By disclosing the salary in the job listing, you make sure you maximize your listing’s hiring potential.

A SIGN OF VALUING PEOPLE’S TIME

By disclosing the salary, you show respect for the job seekers’ time, which is a big green flag for you as a hiring company.

MORE TARGETED APPLICATIONS

Not only is disclosing the salary a sign of trust, but the salary is a strong indicator of the responsibilities of the role, so you will find yourself receiving more targeted applications.

MANDATORY IN THE EU REGION

The EU Wage Transparency Directive requires employers to inform applicants about the salary or salary range before the first interview. In addition, questions about salary history will no longer be allowed, and large companies will also be required to report wage differences between men and women. In the Netherlands, the directive will step into full power in 2027, so the companies hopping on to the transparency train now will have huge leverage to set the standard before it’s officially required.

Start disclosing the salary and convert more talent.