Canada Pay Equity Act Anticipated to Take Effect This Year

Canada Pay Equity

In a landmark effort to ensure that pay equity is both achieved and maintained, the Canadian parliament passed the Pay Equity Act in December of 2018. The Pay Equity Act will create new proactive pay obligations on employers in the public and private sectors. Since 2018, covered organizations have waited for the Act to take…

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HR.com Report Finds Employers Have Room to Improve on DEI Initiatives

DEI Initiatives

HR.com recently issued a report on a survey they ran regarding employers’ outlook towards Diversity, Equity, and Inclusion (DEI) initiatives for 2021. The report, The Future of Diversity, Equity and Inclusion 2021, includes survey data collected between December 2020 and January 2021 from 374 HR professionals across the world, with the majority residing in North…

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How to Prepare for the ESG Reckoning: Three Essential Steps

ESG Reckoning

When two founding members of Bain Capital’s impact investing fund sound the alarm that An ESG Reckoning Is Coming, employers should take note.  Michael O’Leary and Warren Valdmanis cover a lot of ground in their new article for the Harvard Business review, from Nikola’s disastrously fake zero-emission semi-truck commercial to Former U.S. Attorney General Loretta Lynch’s…

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Conduct a Pay Equity Analysis This Equal Pay Day

Today, March 24, 2021, is Equal Pay Day. Equal Pay Day is not a holiday but rather a time for somber reflection and strategic planning. According to the National Committee on Pay Equity, “This date symbolizes how far into the year women must work to earn what men earned in the previous year.” It began…

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Gap Between ESG Efforts & Expectations Becoming More Apparent

ESG Efforts

Companies today should be aware that their employees, customers, and shareholders are increasingly having “trust issues” with them. These organizations could face strong consequences from “talking the talk but not walking the walk” with regard to environmental, social, and governance (ESG) criteria. For example, while 80% of the U.S. population want companies to help solve…

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Why and How to Conduct an Effective Pay Equity Audit

Effective Pay Equity Audit

3 minute read Why should achieving pay equity be such a high priority for employers? For one thing, it’s simply good for business. As quoted by the Society for Human Resources Management (SHRM), attorney Cheryl Pinarchick (with Fisher Phillips in Boston) stated, “By ensuring employees are paid equitably, employers can increase efficiency, creativity, and productivity…

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Why D&I Matters in the Financial Services Sector

Why D&I Matters

3 minute read Employers across the nation, and across the globe, are working to create diversity and inclusion (D&I) programs, not just due to increased regulation, but also to take advantage of greater opportunity. According to Deloitte, such D&I programs “can improve results, provide different perspectives, and [help companies] better connect with a more diverse…

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Biden’s Order Signals Shift Towards Fighting Discrimination

Biden Executive Order

3 minute read A new Executive Order from President Biden portends a seismic shift in White House policy on preventing and combating discrimination on the basis of gender identity and sexual orientation. “It is the policy of my Administration to prevent and combat discrimination on the basis of gender identity or sexual orientation,” the President…

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