This post was originally published on this site
A pay equity audit is one of the most effective ways for organizations to understand and address pay disparities, such as gender-based wage gaps. It reveals whether groups such as women or minorities are consistently underpaid, even after accounting for factors like role, experience, and qualifications.
This article discusses pay equity audits, why your organization should care about them, and how to conduct one. It also provides a free, customizable pay equity audit checklist template to guide your audit process.
Contents
What is a pay equity audit?
Why should your organization care about pay equity audits?
Pay equity vs. pay equality
8 steps to effectively conduct