The Gender Pay Gap

The pandemic has already taken a disparate toll on women’s career paths. From February 2020 through April 2022, the economy experienced a net loss of over 1.4 million jobs According to estimates from the National Women’s Law Center, women have accounted for more than two-thirds (68.5%) of those job losses.

With companies now offering attractive pay increases to win the war for talent and lure in job candidates—a move that potentially disadvantages incumbent employees—the gender pay gap may be stretched even further if companies are not mindful of compensation practices.