Understanding “Equal Pay” and How to Achieve It

Three common ways the pay gap is measured, what leading companies are doing about it, and the best strategies to consider today.

McKinsey / LeanIn Study: Women in the Workplace 2017

Women remain underrepresented at every level in corporate America, despite earning more college degrees than men for thirty years and counting. There is a pressing need to do more, and most organizations realize this: company commitment to gender diversity is at an all-time high for the third year in a row.

Despite this commitment, progress continues to be too slow—and may even be stalling. One of the most powerful reasons for this is a simple one: we have blind spots when it comes to diversity, and we can’t solve problems that we don’t see or understand clearly. In fact, a majority of men and 1 in 3 women think that if women make up 10% of executive roles at a company, the organization is on the right path.

Microsoft CEO says tech’s progress on gender equality is ‘not sufficient’

“We always had equal pay for equal work, but it’s more about equal opportunity for equal work,” Mr. Nadella said at a TimesTalks event hosted by The New York Times. “In tech, we do have a significant distance to cover… My job is about creating a system that allows women to participate, to feel free to ask for a raise, to expect to be recognized for their progress — I had not internalized how the system was not working.”

Promotion vs. Reality: Are Companies All Talk and No Action Regarding Workplace Gender Equality?

Gender equality in the workplace and eliminating the gender pay gap are hot topics in the news, with some large brands capitalizing on the discussion to attract female consumers.

Oregon Senate passes Equal Pay Act of 2017

Neighboring Pacific Northwest state unanimously passes Oregon Equal Pay Act of 2017. The bill aims to shrink the stubborn pay gaps between genders, races and other protected classes that are disadvantaged by pay discrimination. Importantly, the policy also encourages companies to proactively examine their own pay practices before a lawsuit is filed.

On Equal Pay Day, Sheryl Sandberg Unveils Latest Lean In Mission: Closing Gender Gap

First, there was #BanBossy, backed by the likes of Beyonce, aimed at encouraging young girls to be assertive — and to ignore a gendered word used to stigmatize women leaders. Then there was #LeanInTogether, an Emma Watson-approved attempt to convince men to join women in the fight for gender equality.

Now, on April 4th — Equal Pay Day — Facebook COO Sheryl Sandberg’s nonprofit LeanIn.Org has launched its latest high-profile campaign, this time with the backing of women-friendly businesses like Salesforce and Lyft and a social media assist from Funny or Die and Hulu.

Gender pay equity to be expanded under new California law

A bill sent to the governor Monday would prevent California employers from paying women less than male colleagues based on prior salary. The state strengthened its protections against gender-based wage discrimination last year. The bill the state Assembly sent the governor Monday, AB 1676, would add prior salary to the list of reasons women can’t be paid less than men.

Why Diversity and Equality Must Go Hand in Hand

Gender equality—assuring that men and women have equal access to work and advancement, capital, and pay for comparable work—is a key ingredient in channeling human talent in the workforce. There are business reasons, as well as moral ones, to assure that women and men have equal opportunities to contribute in the workplace. And Pax World’s leaders think doing so has value for investors as well.