- WeAreHuman@Work
- Topics
- ⚖️ PAY EQUITY & TRANSPARENCY ⚖️
⚖️ PAY EQUITY & TRANSPARENCY ⚖️
Why Pay Transparency Regulations Are a Strategic Management Opportunity | MIT Sloan Management Review (2024)
Research finds that it's a win-win for employers and employees when workers understand both their performance relative to peers and how pay decisions are made. This article explores how organisations can leverage pay transparency strategically to improve fairness and employee satisfaction.
Harvard Business Review | The Unintended Consequences of Pay Transparency (2023)
This comprehensive research uncovers the complex ripple effects of pay transparency policies, revealing how they can lead to pay compression and a shift towards personalised rewards. It offers crucial insights for leaders on implementing effective transparency measures while navigating potential pitfalls in fostering trust and addressing pay inequalities.
2024 Living Wage Index Dayforce | Dayforce (2024)
The 2024 Living Wage Index, published by Dayforce, explores wage disparities in the U.S. workforce. It reveals that 44% of full-time workers do not earn enough to cover basic needs. Women, Black, and Latino workers are disproportionately affected, and specific industries like leisure, hospitality, and retail face significant wage challenges.