Pay equity is top of mind for organizations, leaders and employees. While our 2016 When Women Thrive research found that only 35% of organizations have a formalized pay equity process, there has been a significant rise in organizational focus on this topic given the increase in regulations around the world and shareholder pressures. The rise also reflects the realization that pay equity is a strategic business imperative, driving access to diverse talent and, ultimately, innovation and growth.
Mercer’s new research paper, Global Gender Pay Equity: An Examination of Gaps Outside the US, analyzes data from Mercer’s Total Remuneration Survey (TRS), covering 2.5 million employees and reports on the state of pay equity in 11 countries. Through examining pay differences between women and men, this research provides value to companies focused on improving their pay practices. It gives insight on the drivers of payin each country, against which a company might consider its own practices. Furthermore, it provides insight on specific actions companies can take to eliminate gender pay gaps and prevent them from occurring in the future.
Take action to ensure gender pay equity. Learn how with Mercer When Women Thrive.