By Calvin Gower, Trüpp.
Like many employers, you may want to commit your organization to equal pay but are unsure of the exact steps to take to put together a long-term strategy. To create a pay equity strategy that builds a foundation for the future, it is helpful to understand the laws in place, best practices adopted by trend-setting leaders, and ultimately, apply this knowledge to your own compensation strategy. This set of articles dives into case studies for companies that have committed themselves to equal pay, pitfalls to take note of when you adjust your compensation plan, and a highlight on the new Oregon pay equity law.
How companies are achieving pay equity
A common mistake that employers make is approaching pay equity through the singular lens of leveling salaries. In reality, achieving true pay equity means creating equal opportunities at the leadership level, evaluating areas of bias within your company, and analyzing factors that could affect pay such as paid time off and flexible hours. This article serves as a report on the current pay equity progression across our country and how companies are successfully establishing equal pay.