MERIT500

5 Actions That Could Fix Gender Pay Gap

Implement Fair Compensation Structure Compare the salaries of men and women performing similar tasks. Implement a fair compensation structure that is equal for both genders and all races and ethnicities.

To calculate pay, an audit can take into account anything important to the company, such as education, experience, responsibilities, and performance.

Conduct a Pay Audit

Eliminate Disparities in Pay Review compensation every year. HR can use consultants and salary surveys to determine the market rate for a position.

Transparency in Pay Be transparent about how you calculate salary increases and how you determine pay and benefit structures for your staff.

Eliminate Bias When Hiring Be sure to train your employees about unconscious biases. Analyze job postings to eliminate language that is likely to turn off female candidates.

M500 exclusive remuneration reports can help you price jobs accurately by providing detailed information about the salaries, bonuses, commissions, and other financial benefits.

Get in touch with us today and price jobs accurately!