Posts Tagged ‘Pay Equity’
Is AI In Salary Management the Solution To Pay Equity?
The combination of machine learning (ML) and AI in salary management could help HR to determine the “perfect salary” for employees. Pay equity legislation and the risk of equal pay claims is forcing employers to review the way in which compensation decisions are made. They also want salary decisions to reflect individual skills rather than…
Read MoreAI in HR: Can You Trust Your Pay Equity Software Provider?
EEOC Title VII guidance released last month highlighted the need for employers to partner with a trusted pay equity software provider. The technical assistance document outlined the application of Title VII of the Civil Rights Act of 1964 to automated systems. It aims to prevent discrimination caused by AI to job applicants and employees, including…
Read MoreMicrosoft’s Decision on Pay Raises Makes Pay Equity a Priority
Microsoft is skipping employee pay raises for full-time salaried employees and its senior leadership team in 2023, a move announced by CEO Satya Nadella which contrasts with its 2022 salary increases. Employee bonuses, stock awards and promotions will continue. Microsoft’s decision on pay raises reflects a growing trend in the tech sector. Only 35% of…
Read MoreESG Reporting and SEC Enforcement
In recent years, the Securities and Exchange Commission (SEC) has been increasingly focusing on corporate Environmental, Social, and Governance (ESG) policies and statements. Fraudulent practices related to ESG efforts and outcomes have come under scrutiny, as investors are now considering ESG factors when making investment decisions. The SEC has initiated enforcement actions against companies for…
Read MoreWhy the Next Equal Pay Case Matters to Every Employer
In May 2023, 2,000 employees of UK retailer Next plc, won the second stage of their equal pay claim. In the second stage of the Next equal pay case, an employment tribunal ruling agreed that the work of its predominantly female sales consultants was of equal value to warehouse jobs occupied by mainly male workers. …
Read MoreJuneteenth: An Ongoing Journey to Freedom & Equality
On June 19th, 1865, Union Major General Gordon Granger informed enslaved African Americans in Texas that they were free. Today, Juneteenth is a culturally significant day in African American history and was officially declared a federal holiday by President Biden in 2021. Here’s our brief guide to Juneteenth, and its ongoing impact on freedom and…
Read MorePay Equity Legislation Changes You Need to Be on Top Of
Pay equity legislation has been advancing at a rapid pace. After years of lamenting the unfortunate gap between male and female employees working in similar jobs or in jobs with similar requirements with little observable change, state legislatures have been stepping up to require employers to document and report on their pay practices, an important…
Read More7 Metrics for Monitoring the Effectiveness of DEI Initiatives
Pay equity and pay disparity have achieved prominence in recent years following the recognition that, despite years of attention, inequities continue to exist—especially among women and people of color (POC). The intersectionality of pay equity and DEI (diversity, equity, and inclusion) represents the recognition that pay disparities such as wage gaps are influenced not only…
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 MoreA Summary of CRD’s Recent FAQ Update: What You Need to Know
California has expanded its past data reporting requirements for “payroll employees” to include a new pay data report for employers with 100 or more “labor contractor employees.” It’s a move that’s not too surprising given the rise in the use of contractor laborers and the advancement of what has come to be known as the…
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