Posts Tagged ‘Pay Equity Analysis’
Pay Equity Deep Dive Series: Part 1
We’re seeing more organizations take action on pay equity. According to a 2022 WorldatWork survey, 70% of participating organizations reported taking action on pay equity. This represents a ten-percentage point increase from 2019. Moreover, of those taking action on pay equity, 80% have an ongoing process for conducting a pay equity analysis. With this in…
Read MoreHow to Keep Pay Equity at the Forefront During Layoffs
Uncertainty continues to pervade the economic landscape after a tumultuous 2022. Recent sweeping layoffs in the tech industry underscore this uncertainty, leaving employees and employers alike to wonder what lies ahead. Uncertainty in the Economy With many economists forecasting a recession in the coming year–albeit later than originally thought–layoffs and staff reductions may continue to…
Read MoreIntroducing The Salary Range Finder®
With the launch of our Salary Range Finder product, organizations can use the tool to prevent pay inequities from entering their workforce. The data-driven tool is simple in concept. Employers use the Salary Range Finder when extending a job offer to a prospect to ensure that the compensation package is fair and competitive. The Estimator…
Read MoreDon’t Gamify Your Pay Equity Analysis
Defining pay equity goals for your organization is one thing, choosing a solution is another. And it’s an important decision for employers because the wrong solution could put you in a worse position than when you set out to achieve your goals. In this piece, we will be talking about the importance of choosing an…
Read MoreIntersectionality and How It Impacts Pay Equity
Diversity, equity, and inclusion (DEI) discussions within organizations often focus on traditionally marginalized groups in isolation. For example, there might be policies that promote mentorship opportunities for women or an employee resource group (ERG) for Hispanic employees. The differences within our sameness These efforts are important; however, they are arguably overly simplistic. Not all women…
Read MorePay Gaps and Pay Disparities, What’s the Difference?
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…
Read More2022 Forecast: The Case for 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…
Read MoreDesigning a Successful Pay Equity Program Pt. I
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…
Read MorePay Equity Implications of FLSA Worker Classification Rule Reversal
Earlier this year the Department of Labor (DOL) moved forward with its proposal to reverse a Fair Labor Standards Act (FLSA) worker classification rule. The final rule, Independent Contractor Status Under the Fair Labor Standards Act, was effectively withdrawn on May 5, before ever taking effect. In the Department’s explanation, it said “the Independent Contractor…
Read MoreIllinois SB 1480 Pay Data Reporting Law Gets Amended
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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