#GAReads | How to Find Out If Your Company Pays Men and Women Equally — And What to Do Next
photo credit: Andrew McElro, via Unsplash
"How to Find Out If Your Company Pays Men and Women Equally — And What to Do Next":
Do you pay your employees equitably, no matter their sex? Few people set out to deliberately discriminate--but the numbers tell a grim story.
American women earn 82 cents for every dollar earned by men, according to Pew, and women in general are doing far worse at some big multinational companies, which pay them as little as half of what they pay men, according to recent disclosures forced by new British regulations.
Other big companies, including Starbucks and Salesforce, have acknowledged gender pay gaps and have taken concrete steps to eliminate them. This has benefits beyond good PR: Companies that prioritize pay equity are seeing worker productivity increase 19 percent above industry averages, according to Aptitude Research Partners, while employees who perceive a pay gap are 16 percent more likely to leave their companies, according to a 2017 CEB/Gartner survey.