People are still talking about Equal Pay Day in the United States. It's a symbolic date that marks how far into the current year women must work in order to earn what men did in the prior calendar year. The actual date differs each year and by country depending on the current gender pay gap percentage at that time.
Why Should This Matter to You?
If you don't consider yourself a large employer, you may not think this issue is important. But the fact is, the gender pay gap affects hiring and retention and may subject employers of all sizes to compliance risks.
As an advocate for fair pay practices and employment law compliance, and as an employer of more than 60,000 people, ADP® is calling special attention to the gender wage gap today. We invite you to read these blog posts on our sister sites and consider whether your company is doing enough to address the pay gap.
Excerpt from SPARK post: Closing the Gender Pay Gap: A Strategic and Operational Advantage
55 percent of men and 81 percent of women say they wouldn't apply for a job at an organization with gender pay gaps.
When you communicate your initiatives to achieve gender pay equity and your fair compensation philosophy, you also help to build your employer brand. This signals to the market of recruits that you value equality and diversity. Read the entire post.
Excerpt from BOOST post: Closing the Gender Pay Gap: Part 1 — Why It Matters for Compliance and Engagement
Though estimates often fluctuate between 78 and 82 percent, the U.S. Census Bureau reports the average woman working full-time makes 79 cents for every dollar compared to men. Read the entire post.
Excerpt from CONNECT@ADP post: Top 10 Articles to Read on Equal Pay Day
According to ADP Research Institute® data, on average, men make 28 percent more than women across all industries. And as employers focus on attracting the talent they need to succeed, expectations for greater transparency concerning equal pay for equal work are on the rise. Read the entire post.
If you found this Thrive post or the above linked articles helpful, please share with your networks.
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