Pay Gaps and Pay Disparities, What’s the Difference?

Pay gaps

Given the worldwide attention on pay equity, the term pay gap is one you’ve undoubtedly heard by now. But what you may not be familiar with is the closely referenced term, pay disparity. In this post, we’ll be diving into the differences between pay gaps and pay disparities so you can begin talking about pay…

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California’s New SB 1162 Promotes Total Pay Transparency

pay transparency

California is again at the forefront of national efforts to close the wage gap with the introduction of SB 1162. First introduced by California Senator Monique Limón in February 2022, the bill would become one of the most aggressive pay equity laws in the nation if passed. “Pay transparency is key to achieving pay equity,”…

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2022 Forecast: The Case for Pay Equity

Pay equity

Leaders in business and HR say pay equity is becoming integral to the success of companies in 2022 and beyond.  JD Supra reports, “Pay equity, transparency, employee well-being, and inclusion are the new frontiers for employer-employee relationships.” The data confirms this philosophy has taken root on a broad level as well: A recent survey shows…

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We Could See a Mississippi Equal Pay Act This Year

Mississippi Equal Pay

Two bills promoting equal pay for equal work are currently working their way through the Mississippi legislature.  The first, introduced by the state’s House of Representatives, HB 770, passed in its respective governing body in January. The most recent, SB 2451, proposed by the state’s Senate passed earlier this month. Both bills prohibit employers from…

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Riot Games Settles Gender Discrimination Lawsuit at $100 Million

Riot games

Entertainment company Riot Games recently settled a multi-year-long gender discrimination class-action lawsuit with the California Department of Fair Employment and Housing (DFEH). After all is said and done, the software company will pay $100 million to settle the claims of gender discrimination, including unequal pay and sexual harassment, among other misconduct. Some $80 million will…

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Gender Pay Inequity Starts at Beginning of Career

gender pay inequity

The wage gap between men and women begins at the start of an individual’s career, according to new data from the National Association of Colleges and Employers (NACE). NACE’s First Destinations Survey for the Class of 2020 shows a stark difference between men’s and women’s starting salaries right out of college, debunking the myth that…

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Men Asked to Pay More at First “Pay Gap Store”

Pay gap store

Today we’re pleased to launch the world’s first Pay Gap Store, a new, ground-breaking online store where the prices reflect – and offset – the pay gap in the wider world. The store’s male customers are among those invited to pay higher prices, since U.S. men still earn, on average, 18% more than U.S. women…

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McDonald’s Achieves Pay Equity for Women and Underrepresented Groups

pay equity

McDonald’s has reached a significant milestone in its diversity, equity, and inclusion (DEI) journey. The fast-food giant announced last month that it effectively achieved pay equity for women and other historically underrepresented groups across its workforce of 180,000 U.S. employees. Employees belonging to underrepresented groups are now paid the same as their white counterparts for…

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Canada Pay Equity Act Takes Effect Today

Canada Pay Equity

The Canada Pay Equity Act goes into effect today, August 31, 2021, marking the official commencement of a major international move to advance workplace equality. The Act has been highly anticipated since its original passage in 2018. Now that the law is in full force, affected employers must develop and implement pay equity plans that…

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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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