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: End Time:
Learning Objectives
Overview of Pay Equity
• Introduction to Pay Equity
• Adjusted vs. Unadjusted Pay Gaps (and Why Each Measure Is Important)
• Importance of Performing Proactive Pay Equity Audits
• Examples of External Disclosures on Pay Equity
Overview of State-Level Pay Equity Laws in the Us
• Overview of Federal and State Level Requirements That Inform Pay Equity Assessments
• Benefits of Performing a Proactive Pay Equity Audit.
• Key Legal Risks to Manage
Key Elements of a Successful Pay Equity Audit
• Overview of How a Pay Equity Audit Is Conducted
• Key Elements of a Successful Pay Equity Audit
• Buy-in From Senior Leadership
• Legal Privilege
• Key Data Requirements
• Robust and Thoughtful Analysis Methodology
• Identifying Root Causes of Issues That Are Identified
• Developing Short-Term and Long-Term Solutions
Wrap-up and Questions
• Recap on Opportunities and Risks of Performing Proactive Pay Equity Audits
• Ongoing Monitoring of Pay Equity Results (Discussion of How Human Capital Challenges and Evolutions in the Labor Market Impact Pay Equity)
AIPB ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Therese Sebastian, CEP-Equity Methods, Saswati Sen – Equity Methods
