What Businesses Can Do to
Close the Wage Gap
- The US Department of Labor and the
National Committee for Pay Equity have developed best
practices and an Employer
Self Assessment that can be useful in determining
if your business has areas to improve.
- Have compensation and promotion policies
and practices be as consistent and transparent as possible.
- Look at Salary.com
to benchmark your compensation with other businesses in
the field and in your area.
- Calculate the percentage of male and
female employees. Calculate the average female and average
male monthly salary, including every full-time employee,
including all levels of management. Divide the average
female salary by the average male salary to determine
your overall rate of equity. Compare your rate to your
industry and others in the Wage
- Participate in the Iowa Commission
on the Status of Women's Best Places for Women to Work
initiative. More info coming soon!