Ellen Feeney, Vice President, Counsel, Global Compliance at ADP, examined pay equity and its importance for today’s employers in her presentation to Argyle’s CHRO membership at the 2017 Human Capital Leadership Forum in New York on May 4. In her presentation, “Creating Pay Equity in the Workplace: What’s the Impact to Employers?” Feeney discussed the benefits of pay equity and its strategic impact on employers.
According to Feeney, pay equity laws vary around the globe. Regardless, organizations must comply with these laws at all times.
Many pay equity laws don’t have a financial penalty associated with them. However, the damage that an organization could suffer if it fails to comply with pay equity laws may extend beyond its bottom line.
Ultimately, an organization must learn about its responsibilities relative to pay equity laws. This will enable an organization to understand its pay equity compliance and reporting requirements, so it can take the necessary steps to follow these laws consistently.
To find out more on how a proactive approach to looking at pay practices in the workplace may help an organization gain a competitive advantage in terms of employee recruitment and retention, read the full article here: ADP’s VP and Counsel for Global Compliance on Creating Pay Equity in the Workplace.