Companies save money by posting their salary ranges. Here’s why:
More candidates
The best workers do not apply to positions without salary ranges. The best candidates know that well paid positions advertise their offer, and ignore offers without explicit salary ranges.
Transparency
Current employees already know pay gaps through GlassDoor, Indeed and Payscale. It is easy to resent any existing pay gaps. Being transparent improves the work environment, and with it productivity.
Reduced time to hire
By removing salary negotiation time and wasted interviews with candidates on different salary ranges, you require a smaller HR workforce to organise and find the best candidates