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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NYDFS To Require DEI Reporting From Financial Institutions

NYDFS

New York state is joining in on the evolving commitment to achieve and sustain more diverse, equitable, and inclusive (DEI) workforces, as a recent letter issued by New York Superintendent of Financial Services, Linda. A Lacelwell finds. The letter, addressed to New York State banking institutions, emphasizes the importance of diversity, and perspective when making…

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Ireland Gender Pay Gap Information Act 2021 Signed into Law

Gender Pay Gap

In an effort to address the pay disparity between men and women, the President of Ireland signed the Gender Pay Gap Information Act 2021 into law on Jul. 13, 2021. The Gender Pay Gap Information Bill amends the Employment Equality Act 1998 and requires gender pay gap reporting from certain Irish employers. The Act’s goal…

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Rhode Island’s New Pay Equity Law at a Glance

Pay Equity

Rhode Island is joining the wave of pay equity legislation growing across the country with the passage of its Senate Bill S0270. Effective Jan. 1, 2023, the law aims to ensure fairness in compensation for all employees and offers recourse for workers who have experienced wage discrimination from their employers. Below we have outlined what…

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Illinois SB 1480 Pay Data Reporting Law Gets Amended

Illinois Equal Pay Act

The state government of Illinois recently enacted sweeping changes to its equal pay laws. Originally signed into law right before Equal Pay Day 2021, Illinois SB 1480 was amended by SB 1487 on June 25, 2021 to provide greater clarification on how Illinois employers must comply with the new equal pay obligations. There are three…

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Congress Holds Hearing on Pay Equity, Proposed Laws

Pay equity

Last month, in the U.S. House of Representatives, the Subcommittee on Diversity and Inclusion held a virtual hearing entitled, “Closing the Racial and Gender Wealth Gap Through Compensation Equity.” Among the matters discussed were two pieces of legislation aimed at closing gender and racial pay gaps. According to the House Committee on Financial Services, the…

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2021 Could Be the Year The Equality Act Becomes Law

Equality act

Earlier this year, the House of Representatives voted to pass the Equality Act. The bill will now make its way to the Senate and if approved, would amend Title VII of the Civil Rights Act of 1964 to include protections for members of the LGBTQ community. First introduced in 2019, the Equality Act includes major…

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SEC Increases its Focus on ESG-related Disclosures

ESG

As more and more investors are turning to companies who demonstrate commitment to environmental, societal, and governance (ESG) issues, the more that government agencies are focusing on companies’ ESG disclosures. Case in point: the Securities and Exchange Commission is taking a closer look at whether or not registered investment advisors’ (RIAs) strategies actually match what…

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ESG a Top Priority for Mutual Fund Managers, Investors

ESG

Environmental, social, and governance (ESG) issues are becoming a top priority for mutual fund managers and investors alike. More specifically, the focal point is how employers are addressing them. Companies (including special purpose acquisition companies, or SPACs) that want to be included in mutual funds need to know that they’ll be under greater pressure to…

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