Organizations are making progress addressing the gender pay gap, but change is slow. Narrowing the gender gap relies on understanding nuances and committing to strategies that go beyond issues of compensation.
Does March 24, 2021, ring a bell? What about March 31, 2020, or April 12, 2011? These dates represent Equal Pay Day, which highlights the gender pay gap. The dates mark how long U.S. women must work into the new year to earn the same amount that U.S. men earned during the previous calendar year.
For example, because women in the U.S. will earn $0.82 for every dollar made by men in 2021, women will need to work almost three months extra to receive the same pay. While this statistic is daunting, many organizations are making progress in narrowing the gap. Still, much work needs to be done. Continue reading this article by Pamela DeLoatch from the ADP blog here.