Pay equity is a topic that affects everyone, from first-time job seekers who want a fair employer to experienced leaders who want to attract and keep talent that drives innovation.
It seems simple enough, but implementing fair pay is a complex process that requires:
Good data Ongoing reviews A willingness to reexamine assumptions about who fills different kinds of roles A cultural commitment to compensating every employee appropriately
Here’s a guide to understanding, implementing and maintaining an equitable pay structure in your organization.
What is pay equity?
The briefest definition of pay equity is the practice of