Webinar-Fair Pay isn’t Equal and Equal Pay Isn’t Fair

Fair Pay Isn’t Equal

and

Equal Pay Isn’t Fair

Rita Patterson, CCPManager, Customer Education

Mykkah Herner, MA, CCPModern Compensation Evangelist

www.payscale.com #CBPR17

54 Million Salary Profiles250 Compensable Factors

15,000 Positions 6,000 Customers 2,300 Skills

Hi, We’re PayScale!

www.payscale.com/cbpr


Rita Patterson, CCPManager, Customer Education

https://www.linkedin.com/in/rita-patterson

Mykkah Herner, MA, CCPModern Compensation Evangelist

https://www.linkedin.com/in/mykkahherner


Agenda

Equal payDefining fair payTips for paying fairly at your organization

Things to do right now


72% 69%

59%

48%44%

50%

1 - No action istaken

2 3 4 5 - My employer isproactively

addressing theissue

There is no issue,so no action is

needed

On a scale of 1-5, rate your employer's activity in addressing workplace gender inequity.

"In the next 6 months, I plan on actively seeking new jobs outside of my current company."

If you don’t address it, they may leave

resources.payscale.com/hr-ebook-why-fair-and-equal-pay-aren’t-the-same.html


Equal Pay


Controlled Pay Gap

www.payscale.com/data-packages/gender-pay-gap


Compliance


Compliance Themes for Equal Pay

Definitions: Job vs. WorkSex & Gender Identity


Burden of ProofReasons to Differentiate



Secrecy TransparencyDisclosureSalary History



Employment Opportunities



Uncontrolled Pay Gap



Equal Pay Day


Opportunity Gap



Defining Fair Pay


of employers said that their employees are paid fairly

of employees said that they are paid fairly 20%

44%



EqualFair

A note on fairness:Fair doesn’t necessarily mean equal

Differentiate* Pay by

Performance

Results

Experience

Skills

Education

Market*Be aware of legal restrictions


Tips for Paying Fairly


Address Gender Issues

16%

5%11%

6%

14%

48%

9%4%

9% 6%

16%

57%

1 - No action istaken

2 3 4 5 - My employeris proactively

addressing theissue

There is noissue, so no

action is needed

Difference in Perceptions on Workplace Gender InequityEmployees Employers

resources.payscale.com/hr-ebook-why-fair-and-equal-pay-aren’t-the-same.html


Audit Your Pay Practices


Audit Your Opportunities


Reward Performance



Pay for Competitive Jobs

51% of organizations pay more for competitive jobs

Industry: TechSize: 10,000 EEsLocation: San Francisco

Industry: HealthcareSize: 500 EEsLocation: Fresno



People don’t know if they’re paid fairly…

… you have to tell them

https://hbr.org/2015/10/most-people-have-no-idea-whether-theyre-paid-fairly


Be Transparent; Don’t Rely on Transparency

https://open.buffer.com/transparent-salaries/


Immediate Actions

1. Evaluate your pay and opportunity practices

2. List biz and culture priorities to identify comp impact

3. Identify your hot jobs & begin your comp strategy

4. Audit training needs for managers, employees, HR, execs



PayScale Delivers Where Other Compensation Providers Fall Short

PayScale offers modern compensation software and real-time, data driven insights for employees and employers alike. More than 6,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 13 million employees.

Visit our blog: www.payscale.com/compensation-today

Join our Group on LinkedIn: Compensation Today: HR Best Practices

Rita Patterson, CCP

Manager, Customer Education

Mykkah Herner, MA, CCP

Modern Compensation Evangelist

Webinar-Fair Pay isn’t Equal and Equal Pay Isn’t Fair

Recruiting & HR

Transcript of Webinar-Fair Pay isn’t Equal and Equal Pay Isn’t Fair