Earlier this year, the U.S. House passed the Paycheck Fairness Act to further the cause of gender wage parity. Now, I’m not against government regulation, but I’m skeptical of change that’s enforced from the top down because lawmakers can’t mandate corporate buy-in. In my experience, businesses do best when solutions come from the bottom up.
Legislation such as the Paycheck Fairness Act signals a shift in cultural awareness around pay disparity. But in my experience, the most substantial change will come from businesses themselves in the form of transparent pay policies. Such policies not only drive equality but also improve companies’ overall performances.
