Designing a Successful Pay Equity Program Pt. 2: Assessing Data Quality

Pay Equity

Conducting a thorough pay equity audit is an important step in addressing compensation inequality among employees. It is an essential component of any diversity, equity, and inclusion (DEI) program and, when done correctly, can increase employee satisfaction, enable an organization to proactively mitigate inequity, and reduce legal liability.  However, one of the most complex issues…

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Nasdaq Obtains SEC Approval for New Board Diversity Rule

Board Diversity Rule

Last month, Nasdaq obtained approval from the U.S. Securities and Exchange Commission (SEC) to require a new board diversity rule for public companies listed on its stock exchange. According to a fact sheet issued by Nasdaq, the rule is intended to “encourage a minimum board diversity objective for companies and provide stakeholders with consistent, comparable…

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DEI Discrimination Claim Highlights Need for Employer Diligence

DEI Related Discrimination

In recent years, the topic of workplace diversity, equity, and inclusion (DEI) has rightfully become pervasive in domestic and international dialogue. However, employers should heed the dangers of adopting “overly aggressive” DEI policies within their organizations. A recent discrimination claim involving global advertising agency Wunderman Thompson is a case in point. The agency found itself…

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Designing a Successful Pay Equity Program Pt. I

Pay equity

The events over the last several years propelled public momentum in addressing systemic injustice and social inequity, especially in the workplace. This has cast a bright spotlight on organizations’ diversity, equity, and inclusion (DEI) efforts – specifically around gender and racial pay gaps.  These issues are not going away. In fact, employers should expect pay…

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Inside Biden’s Sweeping DEI Executive Order

DEI Executive Order

On June 25, 2021, President Joe Biden issued an executive order on diversity, equity, inclusion, and accessibility (DEI&A) in the federal workforce. The executive order is a bold move from the White House and seeks to overcome enduring legacies of employment discrimination, systemic racism, and gender inequality, in addition to providing better representation of underserved…

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OFCCP Confirms It Will Leverage EEO-1 Component 2 Pay Data

OFCCP

The Office of Federal Contract Compliance Programs (OFCCP) recently announced that effective immediately, it would be using EEO-1 Component 2 pay data for enforcement. This is a complete departure from the agency’s previous statements. In the official notice, the OFCCP states that its original decision to not leverage the Component 2 Pay Data “was premature…

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Key Steps for Achieving A Successful DEI Workplace Culture

DEI

Now, more than ever, organizations must foster a more diverse, equitable, and inclusive work culture. Creating a more equitable work organization isn’t just the right thing to do, but is also an important business decision.  A 2019 report from consulting firm McKinsey & Company proves the business case for workplace equity, by illustrating how equitable…

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IRS Releases WOTC Transition Relief for Select Employers

WOTC

The IRS recently issued transition relief for certain employers administering the Work Opportunity Tax Credit (WOTC) program. IRS Notice 2021-43 extends the typical 28-day time frame for submitting a certification request to a designated State Workforce Agency (SWA). Employees hired between January 1 and October 8 of 2021 are now able to submit WOTC requests,…

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Biotech Company Sheds Light on DEI Journey

DEI

As the diversity, equity, and inclusion (DEI) movement continues, organizations are regularly revisiting various business processes to move the needle on their DEI goals. One biotech company demonstrates the commitment and effort it takes to effectively achieve DEI goals. American biotech company Genentech had gender representation issues in upper management roles within the company and…

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Additional Tax Credit Opportunities if the ERC Ends Early

Tax Credit

There certainly has been a lot of buzz surrounding the trillion-dollar bipartisan Senate infrastructure bill. Passed on August 10, 2021, the bill promises to bring much-needed upgrades to the nation’s infrastructure. Yet, amid all of the headlines surrounding the bill’s passage, there is one detail of particular importance employers should not overlook.  As reported by…

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