Why do companies continue to struggle with pay equity, more than 60 years after the passage of the federal Equal Pay Act (EPA)? In 2022, U.S. women had median annual earnings that were only 84 percent as much as those for U.S. men, according to the U.S. Department of Labor. Meanwhile, a 2022 study sponsored by UKG found that less than half of employees (41 percent) believe their employers have successfully achieved pay equity, even though 74 percent of executives consider pay equity a moderate or high strategic priority.

Perhaps the problem isn’t a lack of awareness or support among business leaders. Instead, the issue may be that organizations are trying to solve the issue on a tactical level when a more strategic, systemic approach is needed. READ MORE