https://www.law.com/2023/05/11/inside-track-what-gcs-can-learn-from-goldman-sachs-215m-gender-bias-settlement/
ANALYSIS
“It is generally OK to ask about pay expectations, but relying on pay history is a problem,” said Larry Robertson, ethics and compliance counsel at HelloFresh.
May 11, 2023 at 03:09 PM
3 minute read
What You Need to Know
- Companies need to be proactive in identifying pay inequities before plaintiffs’ attorneys do.
- Basing pay offers on a candidate’s past compensation can compound inequities.
- Because bonus sizes often are based largely on judgment, they also need to be closely scrutinized.
Welcome to Inside Track, a briefing from Law.com’s Greg Andrews providing insights that help in-house counsel navigate their rapidly changing world. Want to be alerted to this dispatch in your inbox every Thursday? Sign up here.
The $215 million settlement that Goldman Sachs agreed to this week to settle gender-bias class action litigation is enough to make any general counsel shudder.
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