Illinois Pay Transparency - What's Your Game Plan?
As Illinois employers prepare to develop their course of action to comply with the Illinois pay disclosure law beginning January 1, 2025, many human resource leaders will face internal debates on the best course of action to follow. Since making pay information more available makes it easier to dispute pay inequities, some employers will need to do more preparation than others.
Many employers continue to struggle with ensuring pay transparency and countering legacy practices, both of which can lead to pay inequities, affecting motivation and relationships at work as well as an employer’s brand and reputation. Given the efforts to refine talent acquisition strategies and differentiate total rewards practices, the pay transparency and regulatory landscape may create barriers if employers do not equip their organizations with the tools they need. What are the different alternatives that HR must consider on their path to compliance?
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