Pay equity is on the corporate agenda, although there is still much work to be done to ensure the workplace is fair and inclusive.
Despite decades of legislation, pay gaps persist across gender, race, ethnicity, sexuality, disabilities, and parenting status. Women, people of color, LGBTQI+ individuals, and people with disabilities face significant pay disparities. While 70 percent of companies are taking action on pay equity, many are reluctant to be transparent about their efforts, and only a small percentage share the results of pay equity analyses publicly or with their employees. In this thought leadership piece, we explore the drivers behind the need for pay equity action, the current state of pay equity initiatives, and provide an overview of a comprehensive pay equity solution.
Current drivers of pay equity include:
A comprehensive pay equity program comprises:
The pay equity challenge
To read the full thought leadership piece and learn more about implementing a comprehensive pay equity program, click here.
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