March 28, 2019
Equal Pay Audits: Do They Show the Full Picture?
– Liz Dunshee
As this NYT article shows, the results of “equal pay audits” aren’t always predictable. Maybe that’s another reason to do them – and to take a look at the “big picture” when evaluating the results. Pearl Meyer surveyed 256 companies about their approaches to gender pay equity, the gender pay gap and D&I practices, and here’s what the teaser results show (the full report is available for purchase):
– 90% of companies are doing equal pay assessments – the most prevalent methodology used to evaluate gender pay equity is conducting an assessment that groups comparable/like jobs and analyzing pay variations by gender. As explained in this short memo, that helps evaluate “gender pay equity” but not necessarily the more complicated “gender pay gap”
– 57% of companies are reporting to the board on gender-related issues – e.g. management, leadership and overall representation