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

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April 4th marks Equal Pay Day in 2017. Many states have passed equal pay laws to remedy inequities in pay between women and men. Equal pay is more than a compliance requirement; it’s one way to ensure fair pay in an organization.

But fair pay goes far beyond equal pay.

It means paying fairly to the market, across the organization, based on organizational priorities, and based on performance and results. But paying everyone the same often isn’t fair, either. Successful companies know how to pay fairly and to incorporate fair pay into their pay brand.

Join PayScale’s Mykkah Herner and Rita Patterson as they discuss how companies can successfully connect fair pay with equal pay.

Register for this webinar and you’ll learn about:

-Understanding equal pay and opportunity
-The importance of fair pay for your organization
-How to communicate equal and fair pay

Published in: Recruiting & HR
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Webinar-Fair Pay isn’t Equal and Equal Pay Isn’t Fair

  1. 1. Fair Pay Isn’t Equal and Equal Pay Isn’t Fair Rita Patterson, CCP Manager, Customer Education Mykkah Herner, MA, CCP Modern Compensation Evangelist
  2. 2. www.payscale.com #CBPR17 54 Million Salary Profiles 250 Compensable Factors 15,000 Positions 6,000 Customers 2,300 Skills Hi, We’re PayScale! www.payscale.com/cbpr
  3. 3. www.payscale.com #CBPR17 Rita Patterson, CCP Manager, Customer Education https://www.linkedin.com/in/rita-patterson Mykkah Herner, MA, CCP Modern Compensation Evangelist https://www.linkedin.com/in/mykkahherner
  4. 4. www.payscale.com #CBPR17 Agenda Equal pay Defining fair pay Tips for paying fairly at your organization Things to do right now
  5. 5. www.payscale.com #CBPR17 72% 69% 59% 48% 44% 50% 1 - No action is taken 2 3 4 5 - My employer is proactively addressing the issue 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
  6. 6. www.payscale.com #CBPR17 Equal Pay
  7. 7. www.payscale.com #CBPR17 Controlled Pay Gap www.payscale.com/data-packages/gender-pay-gap
  8. 8. www.payscale.com #CBPR17 Compliance
  9. 9. www.payscale.com #CBPR17 Compliance Themes for Equal Pay Definitions: Job vs. Work Sex & Gender Identity
  10. 10. www.payscale.com #CBPR17 Burden of Proof Reasons to Differentiate Compliance Themes for Equal Pay
  11. 11. www.payscale.com #CBPR17 Secrecy Transparency Disclosure Salary History Compliance Themes for Equal Pay
  12. 12. www.payscale.com #CBPR17 Employment Opportunities Compliance Themes for Equal Pay
  13. 13. www.payscale.com #CBPR17 Uncontrolled Pay Gap www.payscale.com/data-packages/gender-pay-gap
  14. 14. www.payscale.com #CBPR17 Equal Pay Day
  15. 15. www.payscale.com #CBPR17 Opportunity Gap www.payscale.com/data-packages/gender-pay-gap
  16. 16. www.payscale.com #CBPR17 Defining Fair Pay
  17. 17. www.payscale.com #CBPR17 of employers said that their employees are paid fairly of employees said that they are paid fairly20% 44% www.payscale.com/cbpr
  18. 18. www.payscale.com #CBPR17 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
  19. 19. www.payscale.com #CBPR17 Tips for Paying Fairly
  20. 20. www.payscale.com #CBPR17 Address Gender Issues 16% 5% 11% 6% 14% 48% 9% 4% 9% 6% 16% 57% 1 - No action is taken 2 3 4 5 - My employer is proactively addressing the issue There is no issue, so no action is needed Difference in Perceptions on Workplace Gender Inequity Employees Employers resources.payscale.com/hr-ebook-why-fair-and-equal-pay-aren’t-the-same.html
  21. 21. www.payscale.com #CBPR17 Audit Your Pay Practices
  22. 22. www.payscale.com #CBPR17 Audit Your Opportunities
  23. 23. www.payscale.com #CBPR17 Reward Performance www.payscale.com/cbpr
  24. 24. www.payscale.com #CBPR17 Pay for Competitive Jobs 51% of organizations pay more for competitive jobs Industry: Tech Size: 10,000 EEs Location: San Francisco Industry: Healthcare Size: 500 EEs Location: Fresno www.payscale.com/cbpr
  25. 25. www.payscale.com #CBPR17 People don’t know if they’re paid fairly… … you have to tell them
  26. 26. www.payscale.com #CBPR17 Be Transparent; Don’t Rely on Transparency https://open.buffer.com/transparent-salaries/
  27. 27. www.payscale.com #CBPR17 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
  28. 28. www.payscale.com #CBPR17 www.payscale.com/cbpr 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

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