Study Highlights Business Advantages of Pay Equity, Reveals Room for Improvement

The HR Research Institute's latest study, 'HR.com's Future of Pay Equity and Transparency 2025', sheds light on the tangible benefits organizations can reap by prioritizing pay equity. With findings indicating that 60% of companies see improved talent retention, 52% achieve greater workplace fairness, and 49% attract top-tier candidates, the research underscores pay equity as a strategic advantage beyond mere compliance.

Despite these compelling benefits, the study reveals a gap in adoption, with only 28% of organizations reaching the top two stages of pay equity maturity. This disparity highlights a significant opportunity for businesses across sectors to enhance their pay equity practices and, in turn, their competitive edge.

High-performing organizations are distinguished by their proactive measures, including the establishment of formal budgets for closing pay gaps, setting precise performance metrics, and intentional goals for addressing workplace inequities. These practices not only foster a culture of fairness but also contribute to superior business outcomes.

Debbie McGrath, CEO of HR.com, emphasizes that pay equity is a cornerstone for building workforce trust and driving business success. The availability of the full research report and a complementary webcast offers HR professionals and vendors in the human resources industry valuable insights into cultivating a culture of pay equity and transparency.

This study serves as a critical resource for HR vendors and professionals, providing actionable data to advocate for and implement pay equity strategies that align with both ethical standards and business objectives. The implications of these findings extend beyond individual organizations, suggesting a broader shift towards transparency and equity in the global workforce.