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Pay Parity and Gender Equality Dramatically Improve the Economy

Posted by Len April on May 2, 2017 11:25:19 AM

Pay parity is one of spring’s biggest diversity topics. And there’s a good reason. Every April, women’s earnings catch up to men’s from the last year. On average, women must work an extra 103 days to earn the same amount of money as their male colleagues. That’s why, in 1996, the National Committee on Pay Equity originated Equal Pay Day, an honorary observance of the ongoing wage gap between men and women. Since its inception, the symbolic holiday has raised public awareness of discrepancies in pay, based on gender, and helped generate visibility for the wider challenges that persist in diversity and inclusion efforts. However, all that changed this year. A U.S. court and a sitting president just shattered egalitarian policies that have been in place since 1963. Now, more than ever, is the time for staffing professionals to shine. Promoting gender equality plays a vital role in retaining top talent, boosting bottom line profits, attracting consumers to your brand, and embodying a conscientious, fully human work culture. It isn’t just good for business, however. As McKinsey Global Institute demonstrated, pay parity will dramatically improve the economy.

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Tags: contingent workforce leadership, Diversity, equal pay day

Gender Parity Will Dramatically Improve the Economy

Posted by Len April on Apr 19, 2016 11:00:28 AM

As we’ve written before, promoting gender equality plays a vital role in retaining top talent, boosting bottom line profits, attracting consumers to your brand, and embodying a conscientious, fully human work culture. It isn’t just good for business, however. As McKinsey Global Institute’s new study demonstrates, gender parity will dramatically improve the economy.

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Tags: recruiting bias, recruiting women professionals, Diversity, equal pay day, fair compensation, fair hiring, gender equality, gender parity

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