A Better Way for Companies to Address Pay Gaps
Income inequality remains a troubling issue, despite years of progressive and proactive approaches and legislation. All too often, workers of one particular group (usually women or people of color) are systematically underpaid across an organization. The remedy for such pay gaps is often to focus on those workers who are most underpaid.
This article from R. Perry Frankland Professor David Gaddis Ross explains why this approach falls short and how using a structured approach to pay equity analysis will help companies not only address systematic biases, but also address the exact point of pay inequity in their salary structure.
Read more in this story from Harvard Business Review.