In this blog by Compa.as, a Merian Ventures portflio company, pay enquity is discussed as well as methods to help assess pay equity at a high level leading to informed decisions at the individual level.
Women in the United States earn 98 cents for every dollar men earn, when controlled for factors like job title, years of experience, and location. Black men also earn 98 cents for every dollar earned by White men, while Latinos and Native American men earn 99 cents.
Regardless of the pay gap, which is wider depending on position and job level, pay inequity is bad for team morale and employee retention–and it’s illegal. Keep an eye on these pay equity metrics as you guide company leaders toward fair compensation decisions.
Read More