Pay Equity 2021: The New Tsunami for Employers! Pay Equity Efforts are Looming in the Many States! How will the New Administration Make Significant Changes?

With social justice movements gaining strong traction these days, transparency, equality, diversity, and accountability are now more than just guiding principles. They are expected to bring pay equity into the spotlight for the Biden administration in the coming year. Pay equity issues are gaining the attention of employees and, as a result, becoming of increasing concern for employers.

The gender pay gap won't be the only focus under these potential changes, but race-based pay differentials will also likely be brought under consideration. As multi-million-dollar settlements of class action, equal pay claims have gripped the headlines, what are the best measures to take to end this bias? What will these potential changes mean for employers when it comes to decisions surrounding matters and compensation of pay equity?

Gender and Racial Pay Equity:-

To eliminate this racial and gender-based wage gap, the Paycheck Fairness Act was reintroduced into Congress in January 2021. This proposed federal legislation is aimed at amending the federal law prohibiting wage discrimination on the basis of sex. Thus, the bill would make it more difficult for employers to justify pay differentials for men and women. Employers are likely going to see sweeping changes and a significant amount of scrutiny regarding pay equity.

Biden also emphasized it while discussing advancing equity, civil rights, racial justice, and equal opportunity as a moral imperative rather than just an economic one.

The Paycheck Fairness Act would also make it unlawful to prohibit employees from disclosing or discussing information about their wages, prohibit employers from relying on salary history in setting starting pay, enhance existing prohibitions against retaliation and increase penalties under the federal law. Join Clatid to have an expert opinion and discussion on how this will affect the role of employers nationwide.

Learning Objectives:-

• Why Pay Equity is the New Tsunami for Employers in 2021
• Why the previous administration did not do enough to mitigate pay disparity actions
• Whether the Equal Pay Act of 1963 (EPA) has provided support for pay disparity nationwide. If not, why?
• The current status of the results of the 2019 EEOC Pay Data Reporting.
• How will the new administration likely impose penalties for pay inequity?
• Why most compliance efforts on pay equity have not affected women and minorities
• How is the OFCCP alerting federal contractors to increase their compliance efforts for pay equity?
• The states' aggressive initiatives to introduce their own legislation to mitigate pay equity
• What actually perpetuates pay disparity and how you can stop it
• What are the fines and penalties if you are guilty of pay discrimination?
• What are the penalties and consequences when employers find pay disparity and don’t do anything about it?
• What's the most effective method to address pay equity disparity?
• How you can effectively prepare and monitor a pay equity process before you are sued!
• How employers can positively impact their employees by initiating pay equity compliance efforts
• What employers can do to decrease the pay disparity in the workplace

Why You Should Attend?

The Office of Federal Contract Compliance (OFCCP) is likely to impose aggressive enforcement actions in the area of compensation. Besides, federal contractors and other employers will likely witness the revitalization of the federal EEO-1 “Component 2” reporting requirement that involved the disclosure of pay data to the government.

Meanwhile, The Equal Employment Opportunities Commission (EEOC) continues to process claims of the allegation of pay discrimination. These claims are still being investigated and litigations have been increased to avoid this bias. Do not be left open to paying discrimination allegations before you address your pay equity gaps!

Who Will Benefit?

• Business Owners
• All Employers
• Payroll Administrators
• Payroll professionals
• Compliance professionals
• Company Leadership
• Small Business Owners
• Employers in all industries
• HR Professionals
• Managers/Supervisors