MILL VALLEY, Calif., April 4, 2017 /PRNewswire/ -- On Equal Pay Day, Glassdoor, one of the world's fastest growing job sites, today recognized the more than 3,100 employers that have taken the Equal Pay Pledge on Glassdoor, showcasing their commitment to pay equitably for equal work and experience. Further, to make it easier for organizations to determine if they have any notable wage gaps Glassdoor Economic Research today released a free step-by-step guide for employers to statistically analyze their payroll data.
According to Glassdoor Economic Research, on average, women earn 76 cents for every dollar men earn in the United States, a 24 percent gap. Adjusting for factors such as age, education, years of experience, location, job title and employer, that gap shrinks to 5.4 percent -- an apples to apples comparison of similar workers.1
With nearly two in three U.S. employees reporting they would not apply to work for a company where they believe a pay gap exists2, the Glassdoor Equal Pay Pledge provides an important signal to employees, candidates and other stakeholders. Companies across all industries and sizes have taken the Equal Pay Pledge including Apple, Facebook, Staples, Travelers, Visa, Care.com and more.
Employer Guide: How to Analyze the Pay Gap
Glassdoor chief economist Dr. Andrew Chamberlain has authored a new technical guide to help companies analyze their own pay data to determine if any unadjusted or adjusted wage gaps exist: How to Analyze Your Gender Pay Gap: An Employer's Guide. The free guide includes access to an algorithm and code that can statistically measure gaps across an organization. This technical guide is accompanied by a resource for HR practitioners, available at Glassdoor for Employers.
"Unfortunately, progress in closing the wage gap has been painfully slow. Through Glassdoor's Equal Pay Pledge, employers are showing employees, candidates and other stakeholders that they are committed to doing their part to close the gender pay gap," said Dawn Lyon, Glassdoor vice president of corporate affairs and chief equal pay advocate. "The reality is if employers haven't done the work to truly analyze their pay data, they will have a hard time knowing if a wage gap exists. Our experience shows pay gaps don't result from overt discrimination, they result from years of unintentional bias that can creep into an organization over time. Analysis is far more involved than printing out a spreadsheet and eyeballing it -- you need to go deep and control for a variety of factors to get the real story."
Understanding Fair Pay
For employees and job seekers, understanding personal worth in the market is important to help get fair pay. For employers, basing compensation data on the role, not the individual's past history, can help level the playing field between men and women.
While seven in 10 (68 percent) people report that salary and compensation are among their top considerations before accepting a job3, less than one in 10 online job listings include pay data in the job description4. Through greater salary transparency and tools like Know Your Worth™ by Glassdoor, people can gain insights to better understand if they are being paid fairly. The personal pay data generated helps people determine if they should attempt to negotiate their current salaries and/or explore better paying jobs based on current market hiring data and other personal worth factors like education, relevant experience, etc.
For employers: To learn more about the Glassdoor Equal Pay Pledge, visit the Glassdoor Blog. Download the 5 Steps to Addressing the Gender Pay Gap and the step-by-step technical guide to analyze your payroll data.
For job seekers and employees: To use the Know Your Worth tool or to read tips and advice on fair pay and how to better negotiate, visit the Glassdoor Blog. Pay transparency can help people better understand if they are paid fairly for their role at their own company and in the local labor market. Any employee can contribute an anonymous salary report on Glassdoor.
Glassdoor is the world's most transparent job and recruiting marketplace that is changing how people search for jobs and how companies recruit top talent. Glassdoor combines job listings with anonymous reviews, ratings and salary data to help people find a job and company they love. This level of transparency, in turn, helps employers attract the right candidates for their company and culture at a fraction of the cost of other channels. Glassdoor offers employers job advertising,job posting and employer branding solutions in addition to robust talent analytics. Launched in 2008, Glassdoor has job listings and data for more than 640,000 employers in 190 countries and is available on iOS and Android platforms. For labor market trends and analysis, visit Glassdoor Economic Research. For career advice and job-related news and tips, visit the Glassdoor Blog.
1 Demystifying the Gender Pay Gap, Dr. Andrew Chamberlain, March 2016
2 Glassdoor Global Gender Pay Gap Survey, February 2016
3 Survey was conducted online within the United States by Harris Poll on behalf of Glassdoor from December 21-23, 2015 among 2,031 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.
4 Glassdoor Internal Data, January 2017
Glassdoor® is a registered trademark of Glassdoor, Inc.
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