How To Implement Pay Equity

Compensation is getting scrutinized. Pay transparency and job board policies (like Indeed's) are focusing that scrutiny. Sally's expertise in Organizational Development and social justice, particularly pay equity, brings a unique perspective to our discussion. She breaks down the concept of pay equity, its importance, and why organizations sometimes unintentionally pay men more than women. Sally also shares insights on the legal implications of pay equity, how it impacts employee retention, and the role of compensation structures in achieving pay equity. In this episode, you'll discover: 🔍 How to approach pay equity with curiosity and an open mind. 🎯 The importance of employee feedback and participation in the pay equity process. 💼 The concept of consciously uncoupling performance ratings from pay and the potential benefits of this approach. 💡 Practical steps to embark on a pay equity project and the importance of normalizing conversations about pay in building trust. 0:00 Intro 0:59 What is pay equity 2:18 Why is it important? 3:32 Why are men paid more? 5:10 The case for pay equity 6:55 How do you DO pay equity? 9:38 Merit based pay 11:59 When you don't have demographics 13:16 How do you fix problems? 15:07 Starting pay equity 18:10 Learn more Follow Sally on LinkedIn https://www.linkedin.com/in/sallyloftisloftis/ Her site https://www.loftispartners.com/ Find the Pay Equity Collective at https://pay-equity-collective.mn.co/share/GTCEIh6yArceY6cY?utm_source=manual This is a link to her guide on conducting a pay equity assessment https://www.loftispartners.com/blog/hr-hacks-for-leaders-how-to-conduct-a-pay-equity-assessment Find Andrea for SME consulting in Western Canada at thehrhub.ca