pay equity
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What Finance Leaders Need to Know About Pay Transparency
Pay transparency is a terrifying concept for some leaders. They immediately imagine open pay discussions, rioting employees and a variety of chaos. Yet the idea of pay transparency doesn’t have to cause fear or concern. Transparency as a business philosophy and approach to compensation can mean different things for different organizations.There are critical factors that business leaders must understand about compensation transparency and the impact it has on the employee population. Finance leaders in particular must understand three concepts: how…
Posted by: The ADP Team 19 Sep 2019 | 0 Comments
Pay Equity Legislation: Iceland Leads the Way
Iceland commemorated International Women's Day in 2017 by enacting pay equity legislation. The move follows an October 2015 protest when thousands of women left their workplace at 2:38 PM, a time that symbolised the size of the pay gap, reports The Atlantic. While private sector wages are notoriously hard to mandate, Fortune reports that Icelandic organisations with at least 25 employees are now required to certify their compliance with wage equity, regardless of employee "gender, ethnicity, sexuality, or nationality."Iceland's unprecedented…
Posted by: 03 Aug 2018 | 0 Comments