Description
Learn the requirements and regulations when identifying equal pay and the best approaches to ensure you stay compliant.
Pay equity has surfaced to be a critical topic, particularly as part of the broader focus on diversity, equity, and inclusion efforts in companies. Additionally, recent events in the labor market, macroeconomy, and the legal landscape are all contributing to heightened scrutiny around pay equity. However, there continues to be misconceptions around what pay equity means and what is involved when companies perform a pay equity audit. As a result, many companies either hesitate to perform a pay equity analysis, or perform the analysis simply to check the box, without leveraging all the benefits it provides. This presentation explains the opportunities and risks of performing a proactive pay equity study, highlighting the key elements that drive a successful pay equity study in the US. This discussion aims to help human resources compensation professionals and leaders gain knowledge and confidence to embark on a pay equity study and drive sustainable progress in their organizations.
Date: 2024-06-25 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to explain how a statistical pay equity audit works and differentiate between adjusted and nonadjusted pay equity results.
* You will be able to identify the key elements required for a successful pay equity audit.
* You will be able to recognize the key opportunities and risks involved in performing a pay equity audit, which can help inform decisionmaking as you consider doing pay equity audits for your organization.
* You will be able to review the key legal framework underlying pay equity laws in the US and gain an understanding of the legal risks that you need to manage against.