More employees are focused on fair pay issues in the wake of the pandemic and the sacrifices they feel they’ve made to deal with it. According to a new study from Indeed:
- One-third of workers (33%) say their earning potential has been severely impacted by the pandemic.
- 77% say they think more about money than they did in 2019.
- 74% say they have conducted research about fair pay with 22% continuing to study it.
- Only 27% of men say they’re likely to continue researching fair pay, compared to 18% of women.
- More than half of workers (66%) say they receive fair pay. However, men were more likely to say this is true than women.
- 18% of Black workers don’t believe they’re paid fairly, compared to 6% of white workers.
- More than half of job hunters/applicants (68%) say they are more likely to apply for a job if the salary range is listed; and 60% are more likely to apply if the employer is transparent about salary ranges for all jobs.
Fair pay isn’t just about dollars. According to the survey, 82% of workers say they feel more engaged with and fulfilled by their work when they are paid fairly; and 81% say they are more productive and loyal to their employer.