What Challenges Do Business Leaders Face in Achieving Pay Equity?
Several challenges can impede the progress towards pay equity, including:
Implicit Bias: Unconscious biases can influence compensation decisions, leading to pay disparities. Lack of Data: Insufficient or inaccurate data can make it difficult to identify and address pay inequities. Resistance to Change: Organizational inertia and resistance to change can hinder the implementation of equitable pay practices. Complexity of Roles: Different job roles and responsibilities can complicate the process of determining fair pay.