Achieving pay equity is top-of-mind for organizations. While organizations have always placed substantial value on talent acquisition, expectations for transparency around equal pay have increased. Given today’s war for talent, a commitment to pay equity is one of the easiest ways to differentiate yourself from your competition.
But it’s about more than talent – it’s about identifying possible inequitable pay practices you didn’t even know you had. From a compliance perspective, in addition to the federal EEO-1 report, most states have pay equity laws. Tackling the issue proactively can save you from legal problems now and later down the road.
Employers may wish to review their current hiring, job evaluation, and pay practices to ensure that they are compliant and defensible. But the complexities in the regulations and the sheer amount of pay data that exists – internally in every organization and externally in the market – can make it difficult for leaders to develop policies to promote and realize pay equity.
Watch the next installment in our Workplace Compliance Spotlight webcast series and get critical insights and potential strategies you can use to meet your goal of pay equity.
During this webcast, you will learn about:
- How pay equity can benefit your organization beyond regulatory compliance
- Strategic impact of EEO-1 reporting and state law requirements
- Summary of impacts to HR processes and data flows
- The role of pay data in setting policies surrounding pay equity issues
- Internal and external pay equity considerations
- Using pay equity audits to develop and uphold pay equity strategies
ADP remains at the forefront of helping employers understand the complex compliance, financial, and strategic issues surrounding workforce management. Tap into our expertise to ensure you’re in the best shape possible for future workplace compliance changes that may come about along the way.
Register and join us for future Workplace Compliance Spotlight webinars at adp.com/workplacecompliance.