Why focus on pay equity now?

Robust ESG compliance commitments and recent social movements have pushed pay equity to the top of many companies’ priorities. Other factors such as activist shareholder proposals, changes in state laws, Biden administration efforts, and calls from employees regarding greater transparency have spurred companies to find out where they stand. 

What is pay equity?

Pay equity is a measure of the systemic differences in pay between protected classes who work in comparable positions that accounts for various legitimate business factors, such as training, years of service, geography, and performance.

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