Human capital management company UKG has its finger on what employees want in the future of work.
Hot on the heels of launching a new employee experience tech offering – which is crucial to companies surviving and thriving amid the ‘Great Resignation’ – UKG has now committed itself to pay equity at work.
Unfortunately, even in the 2020s, there is still a need to talk about pay equity and pay parity.
This is because women and people of color are regularly paid less than men across the world.
Also, worryingly, COVID-19 has made the situation worse as women, for instance, have been the most likely to quit their jobs because of other caring responsibilities, or because they work in more unstable sectors.
Closing the gap with UKG
There is an urgent need for companies to work harder to tackle pay inequity. UKG chief belonging, diversity and equity officer Brian Reaves commented: “As an organization whose purpose is people, we know that an individual’s income impacts every aspect of life, including their health, wellness, family, and future.”
“Through the UKG ‘close the gap’ initiative, we seek to enact change related to pay inequity and encourage others to join the fight for more inclusive, fair, and unbiased workplaces,” continued Reaves.
So, as part of its ‘close the gap’ initiative, UKG has committed to contributing $0.18 (the current gender wage gap) for every employee paid through its payroll system to pay equity initiatives and campaigns, like LeanIn and 9to5.
Given that 15 million employees are paid through UKG applications, the company is expecting to donate $3 million.
In addition, UKG is going to sponsor Harvard Business Review research, as well as launch its own awareness campaign.
The company is also calling on employers to sign its ‘close the gap’ pledge. Are you ready to tackle pay inequality head-on?