Addressing pay inequality before it’s too late
Addressing pay inequality before it’s too late,
Presented by TriNet
Keeping up with ongoing changes in federal, state, and local regulations is one of the toughest parts of running a young, fast-growing company. Navigating the complex framework of laws and guidelines isn’t high on any entrepreneur’s list. The specter of increased regulation on pay equity may feel like just another burden. However, regulation serves a purpose, and that is definitely the case with the wave of equal pay statutes being introduced.
Pay inequality — particularly related to gender — has been a stubborn issue for many industries. New laws are intended to help level the playing field. Some laws have gone further than others in prohibiting employers from asking about previous compensation history or relying on it to help determine employment and compensation offers. Other laws prohibit employers from restricting workplace discussions among employees about their wages.