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 a strategic business imperative, driving access to diverse talent and, ultimately, innovation and growth.
In this new paper, Gender Pay Equity: A Global Examination of Drivers we share data and findings 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 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.
Take action to ensure gender pay equity. Learn how with Mercer When Women Thrive.