Pay equity can bring positive changes to your organization

Pay equity and transparency improve workforce recruitment and employee retention, build deeper trust and connection among the workforce, and strengthen workplace culture. While these benefits are table stakes for employees, employers also realize benefits from pay equity, including:

Greater organizational trust: As pay gaps persist, employees want to feel secure that their compensation is free of bias or partiality. And that trust is crucial for employers since 80% of employees who trust their employers feel more motivated at work. Unfortunately, that trust won't form until employers show (not just "say") their commitment to pay equity and provide actionable steps to improve honest, proactive communication around pay.
Increased talent attraction and retention: Pay is often an employee's deciding factor when choosing whether to stay in their current role, with over a quarter (28%) of employees admitting low or unfair pay is one of their top reasons for quitting. At the same time, 75% of job seekers say they're more likely to apply for a job that's transparent about pay. By taking steps as simple as including accurate salary ranges in job descriptions, for example, employers ensure their candidates understand their compensation from the start.
Stronger company culture: 43% of employees don't feel valued by their employer, which can stir up feelings of resentment and lead to greater disengagement. Employers can prevent or change this mindset by creating a culture of equity and encouragement by empowering open conversations around pay, benefits, and performance.

Employers can take small steps to increase pay equity, but to truly realize its benefits, employers must make a genuine, long-term commitment to fair, equitable pay.

Instant Insights /

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