Employers Eye Changing Pay Practices to Curtail Bias

Mounting pressure to ensure fair pay throughout the workplace is sparking changes to corporate America's employee compensation and performance management programs, reports SHRM Online . Willis Towers Watson's 2018 Getting Compensation Right Survey shows that most U.S. employers give themselves high marks when it comes to having formal processes in place to prevent bias or inconsistency in their hiring and compensation decisions. Nevertheless, the research shows, 60 percent of them are planning to take some action in 2018 to prevent bias by: re-evaluating their recruitment and promotion processes (44 percent), conducting a gender pay or pay equity diagnostic (42 percent), and/or increasing communication of policies and benefits that promote an inclusive culture (33 percent). To promote a more inclusive and diverse workforce, companies are looking to establish or support internal networks for females and minorities (45 percent) and improve flexible work arrangements (44 percent).