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Pay Equity is no longer just a social justice issue. It's a business imperative. Between regulatory technology, data explosions (and employee access to it), and dramatic workforce shifts, Getting Pay Right is a survival strategy with powerful competitive upsides. - Pay Equity is the law and a key compliance issue. The technology required to get it right is now available to both regulators and business owners. - Pay Equity is a business necessity. Rapidly shifting workforce demographics make old-school favoritism a drag on an organization's ability to compete. - Pay Equity unlocks productivity by embedding fairness into the workplace. Pay transparency doesn't mean that everyone knows what everyone in the organization earns. Rather, it means that workers are entitled to understand how and why their pay is calculated and that the same standards are applied equally. Pay equity should be internally equitable, externally competitive, and transparently communicated so employees can understand the reasons for pay differences. This is a kindhearted and wise book about twenty-first century leadership rooted in a deep respect for the workforce communicated through pay practices.
