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06 August 2024 / Quick Take
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Copy LinkLast year, 53% of the largest US public companies conducted an adjusted gender pay gap analysis, up from 41% in 2021. This increase highlights a growing corporate focus on economic opportunity and inclusion, influenced by growing social awareness, investor expectations, and emerging regulations in certain jurisdictions.
Last year, 53% of the largest US public companies conducted an adjusted gender pay gap analysis, up from 41% in 2021. This increase highlights a growing corporate focus on economic opportunity and inclusion, influenced by growing social awareness, investor expectations, and emerging regulations in certain jurisdictions.
Pay gap analyses evaluate internal earnings differences between men and women, adjusted for factors such as job role, seniority, and location. While many companies find that pay gaps narrow when controlled for job-related factors, small to moderate gaps may persist. Addressing such gaps can cultivate a perception of fairness, which, in turn, strengthens employee engagement and retention. Corporate leaders looking to conduct a gender pay gap analysis—or enhance their current one—should:
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