If ever there was an opportunity for progress when it comes to ending pay inequity, it is now.
In July, the U.S. Bureau of Labor Statistics (BLS) reported the 91st consecutive month of job growth. Employers continue to face the tightest labor market in decades, with talent scarcity and the skills gap demanding the need to attract and retain top talent. Wages are creeping up, but compensation still remains a hurdle for working women.
It’s estimated that women in the U.S. are paid 80 cents on the dollar in comparison to their male counterparts. This 20 cent gap doubles for women in non-traditional working arrangements. Certain cities and companies have adopted equal pay laws; however, many of these protections still require that women challenge inequities, writes Rebecca Henderson, CEO of Randstad Sourceright.
In her article, Henderson explains that employers have a lot to gain by closing the wage gap. Especially as 80% of women surveyed by Randstad US said they would leave their employer for one that offered better gender equality.
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