Diversity Considerations in Compensation: Part 1

Compensation Today

This is an excerpt from our recent ebook collaboration with BambooHR entitled How to Turn Diversity Into a Major Asset for Your Organization. The big connection between diversity and compensation is fair pay. Note: Fair pay and equal pay are not the same thing. One key piece of ensuring fair pay is having a compensation plan that outlines how you intend to pay people, and that keeps you in compliance and out of legal disputes.

How to approach pay differences for employees doing remote work

Business Management Daily

It may also allow you to hire more diverse candidates, who may not otherwise be in your local applicant pool. A recent Willis Towers Watson survey found that 26% of companies say they would base compensation on location for remote workers. Compensation and Benefits People Management

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PayScale Gender Report Reveals Female Software Engineers Get Paid 12% Less

Compensation Today

The PayScale Women at Work survey indicates that less than 5 percent of all software architects are women. Source: Silicon Angle ) While Silicon Valley is stepping it up with women friendly perks, they seem to be missing one key element: equal salary. Advances in technology have led to a huge demand for skilled professionals, however there are still gaps between the career opportunities and compensation that women and men enjoy. Get a PayScale demo now!

Diversity, Equity, and Inclusion: Where Do We Start?

Astron Solutions

Diversity, Equity, and Inclusion (DEI) are topics we cannot ignore. We need to also consider how each person adds to the overall diversity of approaches and experiences that will help guide the team through growth and challenges.”.

Equality, Diversity, and the Gender Pay Gap in Tech: 5 Suggestions to Help You Pay Fairly

Compensation Today

By Sonnet Lauberth, PayScale Compensation Professional, As a Compensation Professional, I work with a variety of companies in the technology industry. To combat this, many companies are becoming more strategic with their compensation practices overall and aiming to exceed the market for key positions like software developers. Suggestion #1: Don’t fear diversity! In fact, ignoring diversity is actually doing companies more harm than good.

In the Right Direction

HRO Today

PayScale leveraged pay data from 1.8 For this reason, PayScale also calculates a “controlled” pay gap figure that accounts for measurable characteristics such as job, level, education, skills, management responsibilities, location, and other compensable factors. PayScale’s research examines men and women’s career progressions in three career stages: Early stage: people who are under 30; Mid-career: people between 30 and 44; and.

Why Is It So Hard to Address Gender Pay Equity?

Compensation Today

April 4th is Equal Pay Day , and PayScale will be hosting a Facebook live stream discussion about the challenges facing women in the workforce, including pay equity. The Equal Pay Act of 1963 became law in, well, 1963, and the Lilly Ledbetter Fair Pay Act , which extends the time to file an equal-pay lawsuit, is eight years old. For one, it’s the law, but beyond that, the right compensation attracts, motivates, and retains the best talent.

Confronting the Pay Equity Gap: Identifying and Resolving Issues of Unequal Pay

Decusoft

It fuels productivity, efficiency and financial performance even while it helps attract and retain a diverse workforce. Pay equity is the idea that employees will be compensated at the same level when they perform the same or similar jobs.

How to Turn Pay Secrecy Obstacles Into Pay Transparency Opportunities

ExactHire

The inability for employees to freely discuss pay information with one another has arguably prevented some individuals from taking advantage of federal protections available under the Equal Pay Act of 1963 and the Lily Ledbetter Fair Pay Act of 2009 in the past. The tech company, Buffer, has taken this to one extreme by incorporating a compensation calculator available for public use on their corporate website and publishing the salaries of all of its employees.

New Required Reporting Proposed to Close Gender Pay Gap

Compensation Today

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale On Friday, President Obama announced a proposal submitted by the EEOC that would require employers with 100+ employees to report, not just employee demographic data, but also pay data. PayScale will be hosting a webinar on February 11 th that digs into the California Fair Pay Act. Have a sound compensation plan (ie legally defensible). After all, were we not all created equal?

Taking On Banks Over Gender Pay

HRExecutive

Figured the day before Equal Pay Day (that’s right, that’s tomorrow!) Unfortunately, she pointed out, all but MasterCard are opposing Arjuna’s proposal requesting reports from the banks on the percentage pay gap between male and female employees across race and ethnicity (including base, bonus and equity compensation; policies to address that gap; the methodology used; and quantitative reduction targets). compensation gender equity HR profession payroll

How to Become a Chief Human Resources Officer: What You Need to Know

Analytics in HR

In a survey by XpertHR , 52% of employers said the CHRO is either partially or fully responsible for managing diversity, equity, and inclusion. Only in 11% of cases, there is an appointed Chief Diversity Officer whose primary role is to oversee inclusion initiatives.

Pay Fairly All Year Long

Compensation Today

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale Now that we’re heading into May and Equal Pay Day is behind us, it is crucial to remember that the most important parts of our compensation efforts are our people, having engaging and transparent conversations, accomplishing what we set out to do, and ultimately, paying fairly. I was preparing a slide deck to use in an upcoming training about modern compensation, searching for an image for CEO.

Why Pay Audits Are Just the Beginning

EverFi - HR

Pay Equity and Equal Opportunity . Examine Compensation Practices . In addition to reviewing the specific outliers, it is necessary to look at the existing compensation practices beyond a fixed salary. How Can You Support Diversity, Equity & Inclusion in Today’s Workplace?

Class of 2017 Salary Expectations Revealed

Yello

The 2017 Yello Collegiate Study: Undergraduate Expectations * surveyed college students to learn about compensation expectations and found students’ price points are well above industry averages. Transparent compensation policies, which make salary ranges for job categories available to all employees, can demonstrate that compensation decisions are based on merit alone. A report by PayScale Inc. 03/17/2017 // By t racy kelly // TALENT TRENDS.

Conference Twitter Primer #HRtechConf 2018

Advos

RitaMitjans : Mom, Harvard ’90, Chief Diversity & Corporate Social Responsibility Officer. CompWonk : Human Capital Services | @BakerTillyCloud | @OracleHCM #Compensation #HCM #TotalRewards #TalentManagement | Skier | Movie Buff | Sports Nut. d_lux_brand : Fierce advocate for pay equity, gender equality, and diversity and inclusion within the workplace. Equal Housing Lender. Diversity !=

Hire More Female Software Engineers and Close the Gender Wage Gap

Compensation Today

The PayScale Women at Work survey indicates that less than 5 percent of all software architects are women. Source: Silicon Angle ) While Silicon Valley is stepping it up with women friendly perks, they seem to be missing one key element: equal salary. Advances in technology have led to a huge demand for skilled professionals, however there are still gaps between the career opportunities and compensation that women and men enjoy. Get a PayScale demo now!

HR Tech Weekly: Episode #217: Stacey Harris and John Sumser

HR Examiner

Google brings on former SAP Executive Robert Enslin, BeameryHQ Expands Leadership Team, Payscale Get Growth Investment, Limeade Launches Platform, and textio Launches New Writing Tool. Topics: ESW, Cloud, Compensation, Engagement, and Recruiting. Payscale Get Growth Investment Link ». Topics: ESW, Cloud, Compensation, Engagement, Recruiting. That’s simply simply equal isn’t getting my way. basically on compensation lists.

“Gender Roles in Childhood.”, with Sheila Ronning and Candice Georgiadis

Thrive Global

Recognizing her expertise on gender diversity, numerous worldwide corporations have recruited her as well, including KPMG, Kirkland Ellis, Aon, NewsCorp, L’Oreal, and Thomas Reuters. Gender Roles in Childhood.