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Pay Equity Pulse Survey Report: Employer Perspective
Salary.com surveyed 700+ human resources professionals on the topic of pay
equity.
CEO/CFO, Compensation, Human Resources, Pay Equity,
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3. Pay Equity Pulse Survey Report: Employer Perspective
SURVEY SUMMARY
PAY EQUITY PULSE SURVEY REPORT: EMPLOYER PERSPECTIVE
Amid a heightened war for talent and a social reckoning around the ideals of
equity and inclusion, Salary.com surveyed 700+ U.S.-based human resources
professionals on the topic of pay equity. Our goal was to determine if they’re
feeling more pressure to achieve pay equity (answer: a resounding yes) and what
steps they’re taking in the face of increased scrutiny around fair and
transparent pay.
More than 90 percent of respondents agree that pay equity is a competitive
advantage in the war for talent and the majority indicate they know what to pay
their employees to stay competitive.
However, the survey reveals some major shortcomings when it comes to pay
transparency. From the absence of a compensation philosophy that expresses
transparency, to a lack of leadership support, HR professionals have some work
to do in the coming months to achieve the transparency that goes hand-in-hand
with pay equity. Until then, other issues will persist, including the inability
of managers to explain to their employees how their pay is determined and a lack
of wage range disclosures in job descriptions.
https://www2.salary.com/l/250572/2021-12-07/2tvzndl
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