5 pay transparency facts for International Equal Pay Day

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AG

By  Andrew Grissom

Executive summary

Across the world, the gender pay gap persists – a fact codified through International Equal Pay Day, which marks the point in the year when women’s earnings finally catch up to men’s earnings the previous year.1 Longstanding biases, stereotypes about women’s work, and occupational segregation all contribute to the gap.2 Let’s face the facts: the gap is unfair, systemic, and holding us all back from economic progress. Pay transparency is one powerful tool to finally address inequities and close the gap.

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Endnotes

  1. International Equal Pay Day. United Nations
  2. The gender pay gap. (2024, April 15). International Labour Organization.
  3. Obloj, T. & Zenger, T. (2023, February 8). Research: The complicated effects of pay transparency. Harvard Business Review.
  4. Bergeron, P. (2022, October 20). Companies embracing pay transparency gain a market advantage. SHRM.
  5. Hendrickson, C., Palmiter, A., & Vidales, J. (2024). Global pay reporting laws calendar. Syndio.
  6. Liu, J. (2024, June 4). More states are requiring companies to list salary ranges on job ads—here’s where. CNBC.
  7. Lam, L., Hayden Cheng, B., Bamberger, P., & Wong, M. (2022, August 12). Research: The unintendend consequences of pay transparency. Harvard Business Review.
  8. Maurer, R. (2022, December 12). Study: Pay transparency reduces recruiting costs. SHRM
  9. This CEO community is keeping and advancing their best talent. Are you?. (2024). Catalyst.
  10. Obloj, T. & Zenger, T. (2023, February 8). Research: The complicated effects of pay transparency. Harvard Business Review.
  11. Bergeron, P. (2022, October 20). Companies embracing pay transparency gain a market advantage. SHRM.
  12. Hendrickson, C., Palmiter, A., & Vidales, J. (2024). Global pay reporting laws calendar. Syndio.
  13. Liu, J. (2024, June 4). More states are requiring companies to list salary ranges on job ads—here’s where. CNBC.
  14. Lam, L., Hayden Cheng, B., Bamberger, P., & Wong, M. (2022, August 12). Research: The unintendend consequences of pay transparency. Harvard Business Review.
  15. Maurer, R. (2022, December 12). Study: Pay transparency reduces recruiting costs. SHRM.