Pay Equity Changes for 2023! What Employers Need to Know to be Compliant

Despite civil rights laws and advancements in women’s economic status, wage discrimination still persists in every state and virtually every occupation. Women who work full time, year-round take home about 83 cents for every dollar that non-Hispanic, white men earn. Over a career—defined as 47 years of full-time work—women’s total estimated earnings loss compared with men is $700,000 for a high school graduate, $1.2 million for a college graduate, and $2 million for a professional school graduate.
 
A pay gap also persists across all racial and ethnic groups. Women of color experience wider pay gaps—among full-time workers in 2020, Black and Latina women made, respectively, 64 cents and 57 cents on the dollar as compared to non-Hispanic white men. The overall pay gap has only decreased by a nickel during the 21st century and, unless action is taken, the pay gap between men’s and women’s earnings will not close until 2093.

• What is the goal for pay equity for 2023?
• Learn what the Equal Employment Opportunity Commission (EEOC) requirements are and what the pros and cons are to establish pay equity policies
• Learn how the National Labor Relations Board (NLRB) has developed specific pay guidelines for union and non-union employers
• Learn what states are schedule to require pay transparency regulations
• Learn what types of pay transparency requirements will be mandated
• Learn what Employers need to do to become compliant with the Pay Equity requirements
• Learn how pay equity will enhance your retention of valuable employees
• Learn what pay transparency looks like in job postings
• Learn how the Salary History Ban when hiring is a huge step when it comes to pay disparity
• Learn how the Great Resignation has impacted the labor market and forced Employers to increase salaries
• Learn how conducting an internal pay equity audit will let you know where you stand when it comes to pay disparity
• Learn what best practices can be initiated to ensure employees that you take pay equity seriously

The pay gap between male and female executives at U.S. companies expanded during the pandemic after years of improvement, according to a new analysis by financial research firm Morningstar.

In 2020, the first year of the pandemic and the most recent year for which pay-disclosure data is available for publicly traded companies, the gender pay gap in the C-suite became wider, "a reversal of the narrowing that occurred between 2015 and 2019.

• Human Resource Professionals
• Payroll Professionals
• Employee Benefits Specialists
• Compensation Analysts
• Compliance Officers
• In-house Legal Counsel
• Financial Controllers
• Operations Managers
• Executive Leadership (CEO, CFO, COO, etc.)
• Diversity and Inclusion Officers
• Labor Union Representatives
• Management consultants

Margie Faulk is a senior level human resources professional with over 15 years of HR management and compliance experience. A current Compliance Advisor for HR Compliance Solutions, LLC, Margie, has worked as an HR Compliance advisor for major corporations and small businesses in the small, large, private, public and Non-profit sectors.  Margie has provided small to large businesses with risk management strategies that protect companies and reduces potential workplace fines and penalties from violation of employment regulations. Margie is bilingual (Spanish) fluent and Bi-cultural.

Margie’s area of expertise includes Criminal Background Screening Policies and auditing, I-9 document correction and storage compliance, Immigration compliance, employee handbook development, policy development, sexual harassment investigations/certified training, SOX regulations, payroll compliance, compliance consulting, monitoring US-based federal, state and local regulations, employee relations issues, internal investigations, HR management, compliance consulting, internal/external audits, and performance management.

Margie is a speaker and accomplished trainer and has created and presented compliance seminars/webinars for over 16 US and International compliance institutes. Margie has testified as a compliance subject matter expert (SME) for several regulatory agencies and against regulatory agencies, thank goodness not on the same day. Margie offers compliance training to HR professionals, business owners, and leadership to ensure compliance with workplace and regulations.

Margie’s unique training philosophy includes providing free customized tools for all attendees. These tools are customized and have been proven to be part an effective risk management strategy. Some of the customized tools include the I-9 Self Audit. Correction and Storage program, Ban the Box Decision Matrix Policy that Employers can provide in a dispute for allegations, Family Medical Leave Act (FMLA) Compliance Guide, Drug-Free Workplace Volatile Termination E-Book and other compliance program tools when attendees register and attend Margie’s trainings.

Margie holds professional human resources certification (PHR) from the HR Certification Institution (HRCI) and SHRM-CP certification from the Society for Human Resources Management. Margie is a member of the Society of Corporate Compliance & Ethics (SCCE).