In today’s fast-evolving workplace, pay transparency is no longer just a buzzword. It's becoming a key factor in shaping positive workplace cultures and boosting employee engagement. Benify, a leader in innovative employee engagement solutions, has embraced pay transparency as part of its broader strategy to build trust and fairness among employees.

With the growing need for companies to adopt transparent practices, Benify’s approach provides valuable insights into how openness about compensation can lead to a more motivated and productive workforce. Jessica Ribbestam, Chief People and Culture Officer, offers perspectives on how pay transparency aligns with employee expectations and drives cultural change within organizations.

Jessica Ribbestam on Pay Transparency

Jessica Ribbestam emphasizes that pay transparency is about more than just disclosing numbers. "It’s about creating an environment where employees feel valued, informed, and treated fairly,” she explains. At Benify, pay transparency has not only strengthened trust between employees and management but has also made it easier for HR and managers to work on salary setting and gender equality. “When people understand how pay decisions are made, it reduces uncertainty and reinforces a sense of fairness,” she adds.

The concept is tied to creating a sense of belonging and value for employees. Jessica Ribbestam points out that when pay structures are clear, employees feel more connected to the company’s values and goals. “Pay transparency isn’t just a policy—it’s a reflection of how we see and value our people,” she notes.

How Has Pay Transparency Transformed Workplace Culture at Benify?

Since adopting pay transparency practices, Benify has experienced a cultural shift. Jessica Ribbestam highlights how open discussions about compensation have broken down traditional barriers. “Transparency has empowered employees to engage in conversations about their pay and career growth,” she says. “This openness leads to a more inclusive environment where people feel comfortable asking questions and seeking clarity.”

She also believes that pay transparency will become highly valued by job seekers in future recruitment contexts. “Candidates are drawn to organizations that are upfront about their pay policies. It signals a commitment to fairness, which is a major factor for job seekers today.”

Benify also believes that the impact on employee motivation will become even more noticeable. "By promoting openness and fairness, we are building a more motivated workforce. People feel valued, and that, in turn, fosters innovation and collaboration."

How Does Pay Transparency Enhance Employee Engagement?

Fair and transparent compensation practices play a vital role in enhancing engagement, according to Jessica Ribbestam. "When employees know the criteria for raises and promotions, they feel more empowered. They have clear targets and understand what they need to achieve to progress."

At Benify, transparency has improved not only performance but also career development. "Employees feel more confident about their path forward when they know what’s expected of them. It’s motivating to see how your contributions align with your compensation," Jessica Ribbestam explains.

Key Takeaways for Organizations Embracing Pay Transparency

For organizations considering pay transparency, Jessica Ribbestam stresses the importance of a structured pay framework. “Consistency is key,” she says. “Employees need to know that the same standards apply to everyone. Clear guidelines and regular salary reviews ensure that everyone understands how their performance impacts their compensation.”

She also points to the role of technology in supporting transparent practices. Benify uses data to ensure fairness and accuracy in its pay structures. “Leveraging technology allows us to track trends, identify gaps, and make data-driven decisions that reinforce transparency,” Jessica Ribbestam notes.

Finally, she highlights the long-term benefits of transparency for employee retention. “In today’s competitive job market, employees want to work for companies that share their values. Transparency is a sign of integrity and fairness, and that’s something today’s workforce values highly.”

The Future of Pay Transparency

As pay transparency becomes more widespread, Jessica Ribbestam believes that companies embracing these practices early will gain a competitive edge. “We’ve already seen the benefits—transparency builds trust, strengthens employee engagement, and fosters a more collaborative and innovative culture.”

Looking forward, she sees pay transparency as a critical factor in shaping the future of workplace culture. “It’s more than just a compliance measure; it’s a key driver of employee satisfaction and organizational success.”

Interested in creating benefits programs that meet local needs and drive employee engagement? Click here to download Benify's guide "The Global Benefits Playbook" for expert insights and actionable strategies.