Requiring companies to report on the pay disparity between male and female employees has the power to shrink such gaps, according to a recent study. The researchers, who examined two groups of Danish companies, found that salary gaps declined by 7% over five years at firms that were required to report on their disparities. The gap stayed put at companies that lacked such requirements. The firms with transparency requirements also saw an increase in the number of women who were hired and promoted. And they also experienced a decline in overall wage costs.
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