Rising pay transparency is causing a new kind of competition among employers — and it's not necessarily for talent.
Instead, the shift in employers opting to share salaries on job listings has sparked an "arms race" for better starting pay and other benefits, Julia Pollak, chief economist at ZipRecruiter, told CNBC.
And more employers are also including a range of non-cash benefits, perks and flexibility options in their job postings, according to a recent ZipRecruiter survey on pay transparency.
"We've seen a pretty dramatic uptick in the number of employers who are actually even including wages on our job postings," Stahle said.
In addition, the tight labor market and pay transparency are acting as dual forces — with employers posting wages and benefits up front as a way to attract workers who have been difficult to draw in.
Persons:
—, it's, Julia Pollak, Gen Z, Cory Stahle, Stahle
Organizations:
CNBC, Finance
Locations:
California, Colorado, Washington