Tackling pay equity for Malaysia Madani

Reducing inequality to enhance Malaysians’ well-being and create a harmonious society is part of the “Developing Malaysia Madani” concept for the retabling of Budget 2023. — Reuters

IS pay equity a priority for organisations? Pay equity has become a key environmental, social and governance (ESG) issue, with increased pressure from investors and regulators for fair remuneration.

The concept of “pay equity” means all employees are paid fairly for their work, regardless of gender, race, ethnicity, or other personal characteristics.