We hope this review is accompanied by clear and effective incentives and consequences to ensure a safe work environment with equal opportunities for women and minorities.
Forty-eight percent of companies say they’re reviewing their pay policies to ensure parity between men and women in light of the #MeToo phenomenon and Hollywood’s Time’s Up movement, according to a recent survey of 150 HR execs conducted by the outplacement and executive coaching firm Challenger, Gray and Christmas.About 28% said they already paid men and women equally, and 17% said they weren’t reviewing their compensation structures. The cross-industry survey captured data from companies of all sizes.
“There’s some real movement forward to be realized, given how impactful this #MeToo movement is,” Andrew Challenger, vice president of Challenger, Gray and Christmas, told Moneyish. “It’s so easy to fall back into the inertia of letting things be, but this is a crucial time for companies and leaders to step up and make these changes.”