Pay Transparency and Pay Equity

In today’s workplace, fostering a fair and equitable environment is essential. Pay transparency and equity are becoming critical priorities for organisations worldwide, driven by regulatory changes across the EU, the UK, the US, Canada, Australia, and beyond.

Addressing pay equity helps fulfil ESG commitments, enhance employer branding, and attract top talent. By tackling potential disparities related to gender, race, and other protected categories, your organisation can cultivate an inclusive workplace.

While pay transparency varies by culture, it generally involves clear communication of pay practices and accessible salary ranges. Legislative measures, like the EU’s Pay Transparency Directive, are pushing organisations to disclose pay data and combat the gender pay gap. By promoting transparency, you empower your employees to negotiate fair compensation and demonstrate your commitment to equity.

Why Deloitte?

Our aim is to enable you to pay employees equitably and help you demonstrate that you are doing so. With our deep multi-disciplinary expertise in Reward, Legal,  People Analytics and Behavioural Change, we are well-placed to be your trusted partner on this journey:

• Proven expertise in crafting and validating sophisticated pay equity regression models tailored to your organisation's unique needs, whether you are looking for an in-house or external solution.
  
• In-depth knowledge across reward strategies, employment law, people analytics, and change management to support your comprehensive approach to pay equity.
  
• Advanced HR technology capabilities that ensure a seamless integration with your existing HRIS systems, such as Workday or SAP SF, for a unified solution.
  
• A global leader in delivering integrated pay equity solutions, empowering organisations across diverse geographical regions to achieve their goals.