Posts Tagged ‘Pay Equity Analysis’
Honest, Accessible Metrics are Key to D&I Reporting and Progress
A recent article in the Harvard Business Review (HBR) says that organizations must move beyond “performative commitments” to diversity and inclusion (D&I) reporting. The reason is that today, current (and potential) employees and customers are “holding companies accountable for meaningful change.” How can companies ensure they’re making changes that make a difference? According to a…
Read MoreCalls Increase for Race/Ethnicity Pay Gap Reporting
Employers may already be aware of the pressure to disclose the gender pay gap in their organizations. What they may not know is that the pay gap issue is equally relevant with regard to all protected classes, not just in terms of gender. As a result, employers need to be prepared with pay equity solutions…
Read MoreIllinois Equal Pay Act To Require Employer Pay Data Reporting
The state government of Illinois recently enacted sweeping changes to its equal pay laws. On March 23, right before Equal Pay Day 2021, Illinois Governor Jay Pritzker signed SB 1480 into law. There are three critical parts to SB 1480: 1) the “Equal Pay Registration Certificate”; 2) public-facing employee demographic data reports, and 3) a…
Read MoreConduct 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…
Read MoreEEOC Invokes the Information Quality Act for a Third Study of Its Pay Data
The EEOC voted unanimously to defer any use of the EEO-1 Component 2 pay data that it has already collected until 2022 at the earliest. Instead, the EEOC is sponsoring another study of the Component 2 data by a panel appointed by the National Academies of Sciences, Engineering, and Medicine’s Committee on National Statistics (CNSTAT)…
Read MoreA Pay Equity Audit is Essential to Your Coronavirus Business Recovery
A growing consensus envisions that the reopened economy that we will return to will have been altered for the foreseeable future from the one that was operating before Coronavirus. Further, there is every expectation that the Coronavirus is not unique, nor likely to be the most severe pathogen in our future. While many businesses have…
Read MoreThe Role of Clean Data in Pay Equity Audits
Companies are opting to be proactive regarding pay disparities to ensure they thrive, avoid liabilities and bad PR, and continue to recruit the best talent. In opting to conduct an equal pay audit, companies may choose to engage outside vendors with expertise in pay equity legislation and regulations, clean data, and powerful software. An added…
Read MoreGet to Know New Jersey’s Diane B. Allen Equal Pay Act
Several states and cities are passing laws to further bolster the federal Equal Pay Act. The PayParitysm Post is featuring some of these laws to provide insight into trends in pay equity compliance requirements as more of these laws are considered by states, counties, and municipalities. In this post, we look at New Jersey’s Diane…
Read MoreGet to Know the San Francisco Equal Pay Ordinance
Several states and cities are passing laws to further bolster the federal Equal Pay Act. The PayParity Post is featuring some of these laws to provide insight into trends in pay equity compliance requirements as more of these laws are considered by states, counties, and municipalities. In this post, we are looking at San Francisco’s…
Read MoreBeware the Two-Step Process of Measuring Pay Disparities
Companies should be wary of any pay equity analysis that offers to look at wage disparities after controlling for legitimate business factors. The term “after” is open to interpretation, but a defensible, reliable pay equity assessment must measure wage disparities in a full model — one that also measures the effects of legitimate business factors…
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