Six in 10 organizations recently surveyed by Korn Ferry say they are addressing gender pay issues, and another 17% say they plan to do so in the next year or so. But it’s not because of some altruistic streak.
“The reason the best performing organizations are finally doing something about it, rather than paying lip service to diversity and simply ticking boxes on pay equity compliance, is because it makes business sense to do that,” says Tom McMullen, a Korn Ferry senior client partner and a leader in the firm's Rewards and Benefits Solutions practice.
In some parts of the world, governments have forced the issue with new policies. In other places, private groups are taking the lead. Read the latest insights on this complex issue and listen to Korn Ferry’s recent webinar about what gender pay solutions can work…and what won’t.
New Jersey’s soon-to-be-enacted gender pay law may make organizations everywhere take notice.
New York City’s recent ban on salary questions may spur changes to job interviews nationwide.
The tiny country’s new law requires equal pay, but leaders everywhere will need to push a lot farther to close the gap.
Half a world away from Iceland, the nation embarks on an ambitious goal to eliminate salary differences.
Click below to listen to "Equal Pay for Equal Work."