Equity Definition (2024)

What is Equity?

The term “equity” refers to fairness and justice and is distinguished from equality: Whereas equality means providing the same to all, equity means recognizing that we do not all start from the same place and must acknowledge and make adjustments to imbalances. The process is ongoing, requiring us to identify and overcome intentional and unintentional barriers arising from bias or systemic structures.

Equity Definition (1)

NACE Research Supporting Equity in the Workplace

Equity Definition (2)

NEW! Recruiting for Equity at HBCUs and Beyond: Current Practices and Pitfalls

This new study from the National Association of Colleges and Employers (NACE) explores employers’ commitments to and understanding of the issue of equity in recruiting (EiR). Funded through the generosity of organizations that sponsored NACE’s 2021 HBCU Summit and conducted in partnership with the Center for the Study of Historically Black Colleges & Universities (the Center), the study focuses on what employers are doing to recruit and retain diverse interns.

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NACE Diversity Graduate Profile Reports

The NACE Diversity Graduate Profile Report provides diversity data for Class of 2021 college graduates based on academic major, institution, gender, race, and ethnicity, and median salary (where reported). Purchase one now and download it immediately.

Equity Definition (3)

NACE Diversity Graduate Profile Report: Business

Majors Include: All Business majors (broad category total); Accounting; Business Administration/Management; Finance; Management Information Systems; Marketing; Master of Business Administration.

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Equity Definition (4)

NACE Diversity Graduate Profile Report: Computer Science

Majors: All Computer Science majors (broad category total); Computer Systems Analysis; Computer Science; Computer/Information Technology Administration & Management; Computer Systems Networking; Information Science; Software & Media Applications.

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Equity Definition (5)

NACE Diversity Graduate Profile Report: Engineering

Majors: All Engineering Majors (broad category total); Chemical Engineering; Civil Engineering; Computer Engineering; Electrical Engineering; Industrial Engineering; Mechanical Engineering.

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Equity Definition (6)

NACE Diversity Graduate Profile Report: HBCUs

Majors: Accounting, All Business Majors (Broad Category total); All Engineering Majors (Broad Category total); All Computer Science Majors (Broad Category total); Business Administration; Computer Science; English; History; Liberal Arts and Humanities; Math and Statistics; Philosophy; Social Sciences.

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Equity Definition (7)

NACE Diversity Graduate Profile Report: Interdisciplinary Studies

Majors: Data Analytics, Mathematics and Computer Science, Sustainability Studies, Computational Science, International/Globalization Studies.

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Equity Definition (8)

NACE Diversity Graduate Profile Report: Math/Humanities/Social Science

Majors: Communications; Economics; English; History; Mathematics; Political Science; Psychology.

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JOIN A NATIONAL NETWORK OF ACTIVE PRACTITIONERS

Since 1956, NACE has served as the leading source of information on the employment of the college educated and forecasts hiring trends in the job market; identifies best practices and benchmarks; and tracks starting salaries, recruiting practices, and student outcomes.

Additionally, NACE provides extensive ways to connect with your peers via Affinity Groups, professional development opportunities, and an annual conference & expo. By joining NACE, you join an engaged, passionate community that's dedicated to strengthening the bridge from campus to career, and—through research, partnerships and knowledge-sharing—works to ensure equitable outcomes for all.

EXPLORE NACE MEMBERSHIPSEE OUR STRATEGIC PLANDOWNLOAD OUR DEI REPORT

Get the latest insights into building a diverse, inclusive, and equitable workforce

See how NACE and its members are advocating for equity and implementing it around the country.

  1. Equity Definition (9)

    Understanding Students’ Racialized Experiences With Career Services

    One important question for career services staff who hope to support racial equity in their work: How does race and racism show up in the student experience?

  2. Equity Definition (10)

    How First-Generation College Students Can Use AI to Level the Job-Search Playing Field

    AI can support first-generation students in the job search by bridging the gap in their professional network.

  3. Equity Definition (11)

    “Accounting Without Walls” Festival Celebrates, Promotes DEI in the Accounting Community

    Attendees of the USC Leventhal School of Accounting’s inaugural “Accounting Without Walls” Festival left with actionable plans to implement DEI strategies in their organizations, a deeper understanding of the current DEI landscape in accounting, and more.

  4. Equity Definition (12)

    Gamification Can Be A Game-Changer for In-Person Events

    The use of gamification apps at in-person events can be invaluable for individuals who may struggle to focus or interact in traditional settings.

  5. Equity Definition (13)

    NACE Quick Poll on Campus Protests and University Recruiting for Fall 2024

    NACE is conducting a quick poll and would like your input to assess ways that campus recruiting may be impacted. Last spring, we saw increased campus protests and lockdowns in response to student activism. As we prepare for the fall semester and campus recruiting, there is a potential for increased campus unrest in response to global and national events (i.e. Presidential election, war in Middle East). This Quick Poll is intended to get an overall understanding of the ways university recruiters and campus career centers are preparing for possible campus unrest related to the recruiting process.

  6. Equity Definition (14)

    For the LGBTQ+ Community, Allyship Requires Action

    Although allyship with the LGBTQ+ community different for everyone, one thing is clear: It requires action.

  7. Equity Definition (15)

    Aligning Internship Programming, Experiences With Competencies a Natural Step for Northwestern Mutual

    Northwestern Mutual shifting the focus of its internship program to development of career readiness competencies seemed like a natural progression since the company was already focusing on themes similar to those identified by NACE’s competencies.

  8. Equity Definition (16)

    Supreme Court Affirmative Action Ruling Appears to Have No Impact on Employers’ DEI Recruiting Priorities

    Despite the Supreme Court’s 2023 ruling overturning affirmative action, the decision appears to be having little to no impact on employers’ DEI recruiting priorities.

  9. Equity Definition (17)

    AuthenTECH Leverages Staff to Help Advance Equitable Career Outcomes for Students

    Winner of NACE’s 2024 Diversity, Equity, and Inclusion Excellence Award for colleges, the Georgia Tech Career Center’s Georgia Tech’s AuthenTECH Partnership initiative leverages staff to provide population-specific resources, expand programming, and cultivate partnerships to advance equitable career outcomes.

  10. Equity Definition (18)

    Landmark Helps Students With Autism Develop Skills and Strategies to Achieve Career Goals

    Landmark College, an institution exclusively for students who learn differently including those on the autism spectrum, champions a strengths-based model and gives students the skills and strategies they need to achieve their goals.

  11. Equity Definition (19)

    The Fehribach Center at Eskenazi Health Promotes Positive Career Outcomes for Students With Disabilities

    Winner of the 2024 Chevron Innovation Award, the Gregory S. Fehribach Center at Eskenazi Health empowers Indiana college students with physical disabilities to achieve equitable employment following graduation.

  12. Equity Definition (20)

    Quick Poll: Do NACE Members Feel Like They Belong at Work?

    Belonging at work—feeling that one is valued, accepted, and supported—helps to ensure a healthy, productive, and positive work environment. NACE surveyed its membership to better understand their experiences with belonging in the profession.

  13. Equity Definition (21)

    Strategies for Advancing Pay Equity

    Recent data reveal that systemic barriers continue to limit progress on achieving pay equity for all—yet there are tangible, proven ways that career centers and employers can make an impact.

  14. Equity Definition (22)

    Gender Pay Gap: Tips for Employers to Ensure Their Salaries Are Equitable

    Consultant Katie Donovan offers tips for employers to eliminate the main causes of pay inequity for women, including that women are underpaid doing the same jobs as men and are underrepresented in leadership roles.

  15. Equity Definition (23)

    Preferences for Job/Organization Attributes and Benefits Differ by Race and Gender

    When it comes to the attributes of a job and an organization and the benefits the organization offers, there are some differences in student preferences by race and gender.

  16. Equity Definition (24)

    Insights for Supporting Women in Computing-Related Internships

    Women remain underrepresented in computer science majors and careers. Two researchers conducted a study to see how women in computing experience and make sense of their internships, and how their internship experiences shape their future career plans.

  17. Equity Definition (25)

    Understanding How Black Women Navigate Their Careers Using Funds of Knowledge

    A study found that mentorship, community, biculturalism, and resilience are crucial resources and skills that Black women can use to advance their careers.

  18. Equity Definition (26)

    Communication, Trust the Foundation of Strong Relationships Between HBCUs, Employers

    As HBCUs are a key source of high-quality, diverse talent for employers, there are benefits for both institutions and organizations in developing successful partnerships.

  19. Equity Definition (27)

    Ensuring Students With Disabilities Can Access Your Workplace and Thrive Once There

    To foster a truly diverse and inclusive workplace, employers should expand their DEI efforts to encompass what is increasingly being referred to as DEIA—or diversity, equity, inclusion, and accessibility.

  20. Equity Definition (28)

    Reimagining Graduate Student Professional Development as an Inclusion, Equity, and Innovation Driver

    Evangeline “Eva” Kubu, Princeton University, explores how to address long-standing systems and practices to ensure all Ph.D. students have equitable access to comprehensive professional development.

Equity Definition (2024)

FAQs

What is the simple definition of equity? ›

The term “equity” refers to fairness and justice and is distinguished from equality: Whereas equality means providing the same to all, equity means recognizing that we do not all start from the same place and must acknowledge and make adjustments to imbalances.

What is equity vs equality? ›

Equality means each individual or group of people is given the same resources or opportunities. Equity recognizes that each person has different circ*mstances and allocates the exact resources and opportunities needed to reach an equal outcome.

What does it mean when someone says they have equity? ›

We can more generally think of equity as a degree of ownership in any asset after subtracting all debts associated with that asset. Below are several common variations on equity: A stock or any other security representing an ownership interest in a company.

What basically is equity? ›

Equity can have multiple meanings, but at its core means ownership, or more specifically, the value of an ownership stake in an asset or company. Some of the most recognizable forms of equity are ownership in a company or your home's value after subtracting your mortgage balance.

What the heck is equity? ›

Equity is the value and ownership an organization or individual has in a business or personal asset after subtracting its liabilities. Equity may include goods, stocks and property in equity, so this amount can vary significantly.

What is an example of equity? ›

Equality on the other hand, means everyone is treated the same exact way, regardless of a person's needs or other individual differences. For example, in equity, the coach takes into consideration the specific needs of each player's position on the team, and provides the shoes they need to be successful.

What is equity short answer? ›

Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded on the balance sheet of a company. The worthiness of equity is based on the present share price or a value regulated by the valuation professionals or investors.

What is equity in finance for dummies? ›

For example, if the fair market value of your home is $1 million and you owe $250,000 on your mortgage, you have $750,000 in equity. Private equity: Private equity is ownership or interest in a company that is not publicly listed or traded on a stock exchange.

How do you explain equity to a child? ›

Equity refers to the principle of fairness. Equity is similar to equality, but equality only works when everyone starts at the same place. Therefore, equity focuses on helping people obtain what they need so they can get to a place where equality is possible.

What does equity mean in kid words? ›

What is equity? Equity is often used interchangeably with equality, but they have distinctly different meanings. While equality demands everyone should be treated the same regardless of differences, equity is giving everyone what they need to succeed.

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