This white paper examines existing literature to detail organizational processes and practices that champion compensation equity. It also provides a step-by-step guide on how to conduct a pay equity audit. Pay equity ensures that employees receive equal pay for work of equal value, and the modern workforce expects a timely and sincere commitment to these principles from their employers. To achieve these expectations, organizations need transparency; bi-directional communication; a robust compensation philosophy; continuous monitoring and evaluation; comprehensive workforce planning; and an ongoing dedication to justice, equity, diversity and inclusion(JEDI).