Transparency | Clear processes and outcomes enhance an institution’s culture, and transparent pay is associated with equity (Obloj & Zenger, 2022).

Productivity | Equitable pay increases engagement and productivity (Chamberlain, 2015).

Inclusion | Demonstrating fairness increases a sense of inclusiveness (Haignere, 2002)

Satisfaction | Job satisfaction and intention to stay are linked to pay outcomes and perceptions.

Reputation |Attention to pay equity enhances the institution’s reputation for fairness (Valian, 2013; Lytle, 2014).

Recruitment | Institutional reputation impacts attractiveness to underrepresented groups (Valian, 2013).

Retention |Satisfied faculty stay, and reduce faculty replacement costs  (Flaherty, 2016).

Developing Leaders | Retaining faculty is the first step to developing future leaders of the institution.