The gender pay gap narrowed overall by 6 cents in three years, with women ages 25 to 30 seeing the most improvement in that time, according to a new report released in time for U.S. Equal Pay Day on March 24. In 2017, they made about 79 cents for every $1 men made; that increased to 86 cents in 2020, a 7-cent gain.
The gender pay gap in the U.S. has decreased only slightly in recent years. Now, as women return to the workforce, they may experience wage penalties that widen the pay gap. Employers can take steps to ensure equitable pay for all employees.
The majority of employers are open to negotiating salary for some or all positions once a job offer has been made, but that openness does not extend to bonuses and benefits, according to a new survey.
President Joe Biden signed an executive order on Jan. 22 aiming to raise the minimum wage for federal workers.
The COVID-19 pandemic, social unrest and technological advancements have amplified and accelerated employee benefits trends that were already underway. Here, benefits and pay specialists share their predictions for 2021.
Do the National Collegiate Athletic Association’s rules on student-athlete pay violate federal antitrust law? The U.S. Supreme Court will consider a case this term asking that question.