# What is Pay Equity?

Pay equity ensures employees are paid fairly regardless of gender, age, or background. SMEs must ensure equal pay for equal work.

Source: https://faqtic.co/glossary/pay-equity

## Why it Matters for SMEs

- Legal compliance
- Builds trust
- Reduces bias

## Example in Practice

SMEs run pay equity audits with Factorial data.

## Frequently Asked Questions

### Why important?

To ensure fairness and compliance.

### How to measure?

Compare pay by role and demographic.

### Tools help?

Yes, via analytics.

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