Building pay equity into your culture, policies and practices

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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

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