Pay equity is top of mind for organizations, leaders and employees. While our 2016 When Women Thrive research found that only 35% of organizations have a formalized pay equity process, there has been a significant rise in organizational focus on this topic given the increase in regulations around the world and shareholder pressures. The rise also reflects the realization that pay equity is strategic business imperative, driving access to diverse talent and, ultimately, innovation and growth.
Leveraging data from Mercer’s Total Remuneration Survey (TRS), covering 3.6 million employees, we report on the state of pay equity in 10 countries. We examine the drivers of pay differences between women and men after accounting for legitimate factors such as industry, employee role, experience and performance, provide insight on the factors driving “raw gaps,” and offer guidance on specific actions companies can take to both eliminate pay gaps and prevent them from recurring.
Access to latest research and expertise to help organizations take action to ensure pay equity.
HR and Business Leaders from global organizations
Chris Charman, Principal, Pay Equity, Mercer
Pam Jeffords, Partner, Global Leader of When Women Thrive, Mercer
Brian Levine, Partner and Co-Leader of The Workforce Sciences Institute, Mercer
Heather Smith, Lead Sustainability Research Analyst, Portfolio Manager, Pax Ellevate Global Women’s Index Fund