While women switch jobs at a similar frequency to men, they take career breaks more often, and for longer periods of time, a recent report from the McKinsey Global Institute finds.
“It’s the general idea of where labor costs fit in the budget, what priority they have, what types of behavior we want to reward with pay,” Heather Bussing, employment lawyer and author, tells HR Brew.
Compliance experts weigh in on their regulation expectations.
Legislation and employee demand are pushing companies to release more information on pay.
However, the rate at which job postings are including compensation information is slowing as the job market shifts.
Employers are starting to develop strategies to address pay equity, and in some cases are budgeting for raises to address compensation gaps within their workforces, recent surveys suggest.
From recruiting and retention to company culture and the latest in HR tech, HR Brew delivers up-to-date industry news and tips to help HR pros stay nimble in today’s fast-changing business environment.
