HR Glossary

What is Pay Equity?

The principle and practice of compensating employees fairly for substantially similar work, regardless of gender, race, ethnicity, or other protected characteristics.

Why it matters in hiring

Pay Equity comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with P

• Paid Time Off (PTO)
• Panel Interview
• Passive Candidate
• Pay Band
• Pay Equity Act (Canada)
• Pay Grade
• Pay Scale
• Pay Stub (Payslip)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.