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How to Identify — and Fix — Pay Inequality at Your Company (PDF)

Employee salaries are the largest part of any company’s budget. Pay inequality happens in many places, paying women and people of color less than white men. Companies should perform a Pay Equity Audit (PEA) on a regular basis, then adjust compensation accordingly in order to help alleviate inequalities in pay. The audit involves gathering clean data related to job titles, grades and duties, then analyzing this data with education, experience, and training. This audit will need to happen periodically, to avoid pay discrepancies later with staff turnover. Performing a PEA is “culturally imperative” and is becoming something to do in order to avoid litigation with new state laws.

 (November 2020 - HBR)

• Gender wage gap
• Race wage gap
• Wage differentials
• Equal pay for equal work
• Gender inequality
• Race inequality