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    The State of Pay Equity 2023-24: Ensure pay equity to maximize organizational performance

    HR Research Institute Research Report and Infographic

    July 2023

    With recent legislation around pay transparency, the issue of pay equity has become a business imperative, and not complying with regulations could have serious implications. We conducted this study to help HR understand the state of pay equity in organizations today to ensure compliance and avoid wage gaps and inequities.

    Download and read the full report with key takeaways from this annual research to learn insights and strategies you can apply to your organization.

    Did you know?

    • A majority (7 in 10) rate their organizations mediocre or worse in the area of pay equity, but the same proportion believe their organization will become more equitable over the next 2 years.
    • When it comes to pay transparency, just one-third rate themselves as excellent (12%) or above average (22%).
    • While organizations employ a number of techniques to ensure pay equity, a minority are looking to close pay gaps at all levels.
    The State of Pay Equity 2023-24

    To learn more, we invite you to download and read the research report today:

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    HR.com   HR.com

    Advisory Board

    The HR Research Institute is honored to have this esteemed group of professionals join our  State of Pay Equity advisory board to help guide HR.com's primary research. The advisory board's goals are to influence the HR industry's thought leadership and best practices and to advance the competencies and skills of HR professionals.

    • Thomas Carnahan, Ph.D., Manager, Compensation Services, Berkshire Associates
    • Boyd Davis, Global Head of Compensation, Unit4
    • Neil Dickinson, VP, Compensation Services, OutSolve
    • Chris Fusco, Salary.com - SVP Compensation & CHRO
    • Alex Gonzalez, Vice President, Outsolve
    • Beth Grammer, Global Commercial Strategies and Partnerships, Gapsquare from XpertHR Gail Greenfield,US Pay Equity Program Director, Oracle
    • Christine Hendrickson, VP of Strategic Initiatives, Syndio
    • Rick Holt,Partner, Resolution Economics
    • Patrick McNiel,Ph.D., Principal Business Consultant, Affirmity
    • Sabina Mehmood,Pay Equity Leader & Strategic Initiatives,Gapsquare from XpertHR
    • Beth Ronnenburg,President, Berkshire Associates
    • Jean Roque,President & Founder, TruppHR
    • Robert S. Sheen,Founder & CEO, Trusaic
    • Ruth Thomas,Pay Equity Strategist & Chief Product Strategist, Payscale
    • Carolyn York, Secretary-Treasurer, National Committee on Pay Equity

    HIGHLIGHTS FROM THE RESEARCH:

    Just over one-third of respondents believe pay equity is the top or among the top five organizations’ priorities

    hr_research_july2023_infographic_01

    Only 31% of respondents rate their organization 8 or above in pay equity

    hr_research_july2023_infographic_01
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