Despite advancements, the gender wage gap persists, with women earning $0.98 for every dollar men earn when controlled for factors like education and experience. Pay transparency has shown to effectively close this gap, especially when organizations adopt transparent compensation practices. Studies reveal that in companies with transparent pay policies, the gender wage gap disappears entirely, ensuring equal pay for equal work. Pay transparency not only supports pay equity but also enhances employee trust, satisfaction, and retention, positioning companies as leaders in fair compensation practices.

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