To proactively address pay equity issues, firms across industries must move beyond treating it as a one-time audit exercise and instead manage risks on an ongoing basis.
Pay equity is arguably one of the most important compensation conversations of our time, spanning firms of all sizes, industries, maturity levels and geographies. While some organizations face systemic pay equity challenges, others see more pronounced risks in specific pockets of the business, such as job families, functions or regions. Regardless of how complex or widespread the issue may be, leading firms need to proactively address risks by tackling pay equity on an ongoing basis by adopting systematic and sustainable strategies.
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