Pay Equity: Balancing the Compensation Scales
Updated: Aug 20
As we approach the end of Black History Month (BHM) and prepare to celebrate Women's History Month (WHM) in March, I'm reminded that intersectionality is a critical bridge for both of these groups (black people and women). In 1851 Sojourner Truth infamously asked the question, "Aren't I A Woman?" at the Women's Rights Convention to raise this issue of race and gender from an intersectionality perspective. While Sojourner Truth was primarily advocating for voting rights in 1851, there remains other women's equality issues today and equal pay is one that is top of mind for many organizations.
Pay equity analyses have revealed a data-driven basis for answering that question in the affirmative. Data reveals that while women make 83 cents on the dollar compared to white men, women of color make 77 cents for every $1 paid to white men. However, The National Women’s Law Center reports that Black women, in particular, make 67 cents for every $1 paid to white men. When put in historical context of what the wage gap was for women when the Equal Pay Act passed, Black women’s pay is less than 10 cents higher today than the 59 cents paid to women (all women) for every $1 paid to white men in 1963. The insights from this data reveal that there’s a lot of work yet to be done in advancing pay equity, especially for women color, when it comes to equal pay for equal work.
Join TULIP Advisory Professionals LLC for a webinar in honor of Women’s History Month on Thursday, March 23, 2023 at 2 PM EST. Save the date for an opportunity to further explore “Pay Equity: Balancing the Compensation Scales” and sign up to attend at www.eventbrite.com/e/womens-history-month-webinarpay-equity-balancing-the-compensation-scales-tickets-557498191097. #payequity #savethedate #webinar #womenshistorymonth2023 #blackhistorymonth #equalpayforequalwork #DEI #diversityequityinclusion
Is Pay Equity a priority in your organization's DEI strategy?