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Achieve Pay Equity + Improve Employee Well-Being

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Pay equity is crucial for well-being, as studies have shown that pay gaps contribute to depression and anxiety, particularly among women and marginalized groups. Chronic stress-related health disparities among ethnic/racial and other marginalized groups have also been linked to perceived discrimination, making pay equity an issue not only of fairness, but also of mental health.

Pay transparency can help close pay gaps. To better understand the impact of pay transparency on employee well-being, we analyzed survey question responses from over 6,000 employees representing 40 employers in the nonprofit, for-profit, and governmental sectors. 

41% of employers are struggling to address pay equity, a 10% increase over the prior year, according to salary.com.