Pay Equity
Family Friendly New Mexico – Business Toolkit
Ensuring pay equity is important to businesses not just from a legal compliance perspective, but also because research shows that employees have a high level of awareness around pay equity issues (and legislation), and are more likely to want to work for employers who are transparent about pay equity. As employees become more willing to talk about their pay with their coworkers, transparency from employers about pay, and pay equity, will become a critical differentiator for employers seeking to hire top talent in the future.
Family Friendly Business Toolkits
Family Friendly New Mexico’s business toolkits provide research informed guidance for businesses wanting to implement family friendly workplace policies. The toolkits can serve as planning tools for small business owners, HR professionals, CEOs and others with resources, fact sheets, sample policies, testimonials and more.
Family Friendly New Mexico Recognizes Two Pay Equity Policies
Evaluates pay by job classification and gender
Evaluates pay by job classification and gender
Pay equity means equal pay for work of equal value. A system of evaluating pay equity among employees is key to ensuring that workers of equal skill, experience and responsibility are paid at the same rate, regardless of gender or race.
Encourages employees to discuss pay with co-workers
Encourages employees to discuss pay with co-workers
The practice of allowing your company’s employee compensation figures to be visible to other people, either internally, externally, or both.
Ensure compliance with the New Mexico Fair Pay for Women Act
Ensure compliance with the New Mexico Fair Pay for Women Act
(N.M. Stat. Ann. 1978, Secs. 28-23-1 et seq.)
New Mexico’s equal pay law prohibits employers from paying employees at a rate less than the rate paid to employees of the opposite sex in the establishment for equal work on jobs the performance of which requires equal skill, effort and responsibility and that are performed under similar working conditions. A difference in wages is not discrimination if it is based on a seniority system, a merit system, or a system that measures earnings by quantity or quality of production.
Addditional Resources
- Family Friendly Workplace Blog - https://nmfamilyfriendlybusiness.org/new-mexico-businesses-address-the-gender-pay-gap/
- https://www.pewresearch.org/fact-tank/2019/03/22/gender-pay-gap-facts/
- https://iwpr.org/iwpr-issues/employment-and-earnings/the-gender-wage-gap-by-occupation-race-and-ethnicity-2020/
Looking for more resources?
Download the Pay Equity Toolkit. Family Friendly New Mexico’s business toolkits provide research informed guidance for businesses wanting to implement family friendly workplace policies. The toolkit can serve as planning tools for small business owners, HR professionals, CEOs and others with resources, fact sheets, sample policies, testimonials and more.
