The topic of salary transparency has become especially relevant in recent years. The question of whether employers should state the salary in job postings sparks lively debates – both among candidates and businesses.
When browsing different job ads, we often come across offers such as “dynamic work environment”, “flexible working hours”, “work in a motivated team of professionals.” All of that sounds great, but what’s missing is information about one of the most important things for candidates when deciding whether to apply – the pay. Employers use phrases like “competitive compensation” or “salary based on experience and qualifications.” But the market is gradually changing and not only in our country. In Bulgaria, such ads are very common, but the topic is by no means only local. Right now, this is a discussion many other countries are also involved in: Should salaries be visible directly in job postings? There are arguments on both sides:
Most people admit that the first thing they look at is the salary. Not because they are “materialistic,” but because it determines whether they can pay their bills, travel or simply live a normal life. The lack of specifics often discourages good candidates, as no one wants to waste time in interviews only to discover that the offer is far below their expectations. Candidates say it feels like going to a “blind interview.” They spend hours talking about motivation, values, and so on, only to find out in the end that the salary is 1000 leva less than what they’re expecting. Many others share the same frustration. According to sociological studies, job ads with salary information receive twice as many applications. People want clarity and honesty from the very beginning.
Many companies argue that publishing salaries restricts them, because one candidate is worth one amount, another – something else. Others fear that their employees will start comparing and demanding raises. Some simply don’t want competitors bidding for their staff.
Salary transparency is a global trend aimed at greater openness, fairness and efficiency in the labor market. Although employers have reservations, practice shows that companies that disclose their salaries earn more trust and attract more suitable candidates. In Bulgaria, there is currently no legal requirement for salaries to be included in job postings, but expectations are that with the introduction of the European directive this will change in the coming years. In 2023, the EU adopted a Pay Transparency Directive, which obliges employers to provide salary information in job postings or at least before interviews. Member states have until 2026 to implement these rules. The question remains: will companies do it willingly, as a sign of respect for candidates or simply “because they have to”?
SEND A REQUEST FOR
PERSONNEL RECRUITMENT AND HR CONSULTING SERVICES