Increasingly, employees and talent recruits are assessing organizations through the lens of Diversity, Equity, Inclusion, and Belonging (DEI&B) and pay equity. To attract and retain diverse talent, practices and policies must be equitable and inclusive, especially when it comes to compensation.
This white paper investigates the intersection between DEI&B and pay equity, highlighting the critical role these areas play in fostering fair and inclusive workplaces. By considering how various aspects of an individual’s identity intersect and influence their experiences in the workplace, organizations can develop more effective strategies to achieve fair and equitable compensation for all employees. Pay equity efforts that do not take intersectionality into account may miss important nuances and fail to address the root causes of wage disparities.
By examining the interconnections, challenges, and opportunities that arise when addressing DEI&B and pay equity simultaneously, this paper offers insights and recommendations for organizations striving to create equitable compensation practices and cultivate diverse and inclusive environments.
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