Pay equity means paying equitable compensation for the same or similar work based on factors such as experience, skills, education, length of service, performance, and geographic location, and not basing pay on arbitrary demographic factors such as race and gender. Equitable pay is largely based on the legal requirements (Title VII of the Civil Rights Act, Equal Pay Act and the Lilly Ledbetter Fair Pay Act of 2009). Pay inequities adversely impact structural issues, destabilize the leadership team, and create lack of public trust.
More and more of our clients are requesting an analysis of pay equity considering gender, race, and age.