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 Equity Study.
• Participate in the Iowa Commission on the Status of Women's Best Places for Women to Work initiative. More info coming soon!