Although pay equity legislation has existed for over 50 years both in the UK and the US, inequities still exist. One way to address gaps in both pay and perception is by creating transparency frameworks. These initiatives are driven by new legal requirements requiring companies across the US and Europe to disclose pay ranges when they advertise new roles, as well as the development of tech platforms that allow employees to anonymously discuss pay (For example, Glassdoor & BuiltIn).
Listen back to this session from the 2023 Employee Engagement Summit to hear more about the links between pay equity and pay transparency, and learn ways to reduce risk, improve talent engagement, and ensure pay equity as we work towards a fair and transparent future of work.