Posts Tagged ‘Pay Equity Audit’
Equal Pay Awareness Day: How to Analyze & Close the LGBTQIA+ Pay Gap
June 15th, 2023 is a significant date for highlighting wage disparities and LGBTQIA+ workplace challenges as Equal Pay Today partners with the LGBTQIA+ community to draw attention to discrimination. While the gender pay gap is regularly analyzed, accurate data on the LGBTQIA+ pay gap is not easily available. Taking place during Pride Month, LGBTQIA+ Equal…
Read MoreUK Ethnicity Pay Gap Reporting: What It Means for Employers
In April 2023, the UK government published new guidance for employers on how to measure, report on and address ethnicity pay differences within their organizations. Here we consider how to collect, track, and analyze ethnicity data for companies which voluntarily publish ethnicity pay gap reports. What is the purpose of collecting ethnicity data? Ethnicity pay…
Read MoreGoldman Sachs, the NFL and the Gender Pay Gap
Two major organizations, the NFL and investment bank Goldman Sachs, are facing fallout amid accusations of workplace discrimination and the gender pay gap. Goldman Sachs settlement Following a gender discrimination class action lawsuit which began in 2010, investment bank Goldman Sachs agreed to pay $215 million in settlement. The case, involving 2,800 female associates and…
Read MorePay Equity is the Key to Achieving the “S” in ESG
Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) reporting have become vital considerations for employers. But rather than seeing the requirements as an additional reporting burden or a distraction, a focus on the “S” in ESG can have a positive impact on financial performance and brand reputation. S in ESG relates to the…
Read MoreIs the EU Pay Transparency Directive the Future for US Pay Equity?
On April 24th, 2023, the Council of the European Union formally adopted the EU Pay Transparency and Pay Reporting Directive, following its approval by the European Parliament on March 30th. Its key aim is to close the gender pay gap by introducing some of the most stringent and comprehensive pay transparency laws to date. The…
Read MoreIs the US Moving Towards National Pay Transparency Legislation?
On March 14, 2023, Eleanor Holmes Norton (D-DC) introduced the “Salary Transparency Act,” HR 1599, a significant piece of pay transparency legislation, which would require all employers nationwide to disclose pay ranges in job listings, provide wage ranges to job applicants, and provide that same information to existing employees. The legislation is intended to close…
Read MorePay Equity is a Priority for Employers In 2023: Here’s Why
Following the approval of the EU’s Pay Transparency Directive by the European Parliament, pay transparency has become a globally trending business topic that employers can no longer ignore. Yet it is still not a high priority for most organizations. Company leaders may claim that pay equity is critical to the success of their business, but…
Read MoreAct Now to Meet SB 1162 Pay Data Reporting Requirements
The clock is ticking. For employers doing business in California (which encompasses a significant number of employers around the country), the deadline for submitting SB 1162’s required pay data report including annual mean and median pay data is looming—Wednesday, May 10, 2023. However, the California Civil Rights Department (CRD) has proposed a two-month extension for…
Read MoreMassachusetts Pay Transparency Law in the Works
Equal Pay Day falls on March 14th, symbolizing the additional number of days a woman must work into the new year to earn the same amount as a man did in the previous year. This date holds significance because on average, women are paid only 82% of what men earn. It’s a stark reminder that…
Read MoreNew York City Pay Equity Legislation Targets Municipal Pay Disparities
New York City Mayor Eric Adams signed three pay equity-related bills last week, once again positioning the Big Apple as a leader in the fight for fair pay. These new bills arrived just in time for International Women’s Day. New York City pay equity package As found in NYC Council’s 2022 Pay Equity Report, female…
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