Pay equity is about justice, trust, and creating an atmosphere where everyone feels appreciated, not just about numbers on a check. In today's society, discussions about fair compensation are no longer optional; they are now required....
While specific requirements vary, the overarching themes are consistent – providing pay range details to candidates and empowering employees with pay information....
Pay transparency is often misunderstood. Many people—including business leaders—often conflate pay equity with pay transparency, mistakenly thinking it’s just about being open about pay bands for different roles at their company or posting salary ranges to job ads....
From implementing public salary bands and open conversations to establishing clear compensation frameworks, explore the five strategies these experts recommend for refining your compensation practices....