Pay equity is vital for talent, engagement, and collaboration, but HR teams struggle to address it

While 70% of companies understand that pay equity is a critical component to their people strategies and their business, only 5% of companies are addressing pay equity well, according to a new study from the Josh Bersin Company, a human capital advisory firm.

Industry analyst Josh Bersin told HR Brew that one underlying issue with tackling pay equity is that it may be conflated with the pay gap.