Pay Equity: An Overview for Executive Search Pay Equity | Page 2

Introduction The introduction of the Pay Equity Legislation could have a significant impact on the working practices of the executive search professional. The regulation seeks to eradicate pay discrimination between genders and across protected groups by prohibiting organizations from asking candidates or employers about salary history. The regulations demand that individuals must be paid the same salary and benefits for comparable or equivalent roles. Pay Equity will be a significant issue for US firms as well as global firms with US clients and candidates. A number of states and cities have already implemented the legislation with more committing to the introduction of similar regulations. Organizations that fail to comply run the risk of fines, as well as considerable damage to their reputation. While the new regulations will require organizations to audit, evaluate and alter their working practices accordingly, we believe that the Pay Equity Legislation also presents opportunities for the executive search profession to help address the issue of pay equity and further build on the values of honesty, transparency and trust on which the profession prides itself. We recognize that we have an important role in helping you to achieve compliance. As the provider of the platform on which you run your business, you will look to us to bring solutions for you to manage the risks, and simplify complexity. The Invenias Global Data Privacy Framework provides dedicated tools and functionality to manage and support firms in meeting the requirements of the Pay Equity Legislation on their own terms and with minimal impact on work flow. This guide provides an overview of the legislation that has been, or is being, implemented across certain states and cities in the US. This guide should not be taken as a substitute for legal advice, but we hope it will provide a useful point of reference. David Grundy CEO Andy Warren CFO and Chief Information Security Officer www.invenias.com | [email protected]