Effectively address pay equity

Review and resolve pay inequities, reduce risk, increase diversity and drive organizational success with our comprehensive, objective and expert-led global methodology for pay equity solutions.
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Pay equity has become a critical priority globally

This has prompted many leading organizations to take a more active and strategic role to ensure equity in their workforces. 

The opportunities, challenges and barriers organizations may face when effectively addressing pay equity include:

  • Responding to intensifying pressures from governments, activist investors and employees to offer equal pay
  • Attracting and retaining a diverse mix of high-quality talent by ensuring equitable career opportunities and pay equity
  • Consistently assessing and addressing pay inequity across different geographies

To address these issues, organizations should include pay equity analysis as a core component of their annual compensation reviews and DEI processes. They should also proactively prepare disclosure of pay and rewards, and strive to accelerate workforce diversity.

Locally and globally, Mercer helps organizations effectively address pay equity and ensure fairness in their rewards. Based on statistical methods (that conform to the highest standards), our approach is designed to have a significant and sustainable impact. It is informed by many years of collaboration with the world’s leading companies. 

74%

of organizations globally say they address pay equity as part of their compensation strategy. 

44%

have a formal process for remediating pay inequities.

How we help

Gender and racial pay equity has become a critical priority for C-suite and human resource (HR) leaders. We help organizations effectively address pay equity and ensure fairness in their rewards. From a simple focus on compliance ranging to a comprehensive disclosure and transformative focus, our approach includes: 

  • Securing local compliance support

    It is imperative to meet complex current and emerging local compliance requirements by jurisdiction. Mercer offers local expertise to support regulatory submissions and other required activities.

  • Conducting equal pay analysis

    We examine roles with large average pay differences between genders and provide discipline for further review within highlighted roles.

  • Performing pay equity analysis

    We highlight and measure unexplained pay gaps and develop strategies to close them. We advise on targeted pay adjustments and interventions that focus on root causes. This work can inform both required and voluntary ESG disclosures.

Mercer’s pay equity calculator

This robust and unique web-based tool is delivered following our assessment of your operations. It comes pre-loaded with your results, enabling your team to drive the review process forward.
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Key features:

  • Drill down into pay gaps
    Review pay gaps by gender and race/ethnicity, and investigate pay distributions group by group.
  • Consider remediation options
    Experiment with different adjustment strategies and create customized strategies for specific groups.
  • Assess impact
    Evaluate the impact of actions on pay gaps and budgets, review individual-level outliers, and document special-case situations.
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