SlideShare a Scribd company logo
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC.
Pay Equality: Time to Fix it!
August 21, 2018
2
A Look at Equality At Its
Best
https://www.facebook.com/finansforbundetN
O/videos/10156793637468273/
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
3
Pay Equality Agenda
✓Compensation legislation
✓Size of the issue
✓Tools to analyze
✓Time to fix it!
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
4
Compensation/Pay Equity
Legislation
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
5
It’s the Law
Equal Pay Act 1963
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
6
It’s the Law
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
7
Claims Filing
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
8
Size of Issue
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
9
Why It Is Important
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
74¢
78 to 82 ¢
10
Why It Is Important
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
11
Why It Is Important
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
78%
80%
53%
12
You Decide – Are They
Doing it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
13
High Profile Companies
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
14
High Profile Individuals
▪ Mark Wahlberg & Michelle Williams
▪ BBC
▪ E!News
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
15
High Profile Movements
▪ #MeToo
▪ #WhyWeWearBlack
▪ #TimesUp
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
16
Talent Shortage
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
42 to 68 days/6 – 9 months
17
Engagement Cost Effect
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
Category Percent of
People
Investment
Return
Dollar Value
Engaged 25 – 30% 1.0 $50,000
Example: $50,000 Annual Salary
18
Engagement Cost Effect
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
Category Percent of
People
Investment
Return
Dollar Value
Highly
Engaged
10 – 12% 1.25 $62,500
Example: $50,000 Annual Salary
19
Engagement Cost Effect
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
Category Percent of
People
Investment
Return
Dollar Value
Somewhat
Engaged
45- 50% .6 $30,000
Disengaged 10% or less .4 $20,000
Example: $50,000 Annual Salary
20
Engagement Cost Effect
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
Category Percent of
People
Investment
Return
Dollar Value
Highly
Engaged
10 – 12% 1.25 $62,500
Engaged 25 – 30% 1.0 $50,000
Somewhat
Engaged
45- 50% .6 $30,000
Disengaged 10% or less .4 $20,000
Example: $50,000 Annual Salary
21
Fairly and Properly
Compensated
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
22
Exercise
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
23
Tools
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
24
Discrimination Analysis
▪ At least annually
▪ Three protected classes
▪ Excel or HRIS
▪ Large Differences
▪ Same job and similar job
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
25
Equity Analysis
▪ At least annually
▪ Pay against each other in same job
▪ Excel or HRIS
▪ Acceptable Differences
▪ Pay Range Use
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
26
Time To Fix It!
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
27
Make Equal Pay a Reality!
2059???
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
28
Who is Doing Something?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
64% Taking Action
43% Philosophy
36% Gap Issues
29
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
30
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
Salary History
31
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
32
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
33
How to Drive Positive
Change
▪ Starting pay
▪ Formal hierarchy
▪ Pay range for every job
▪ Process use to establish pay range
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
34
How to Drive Positive
Change
▪ Monitor merit increases
▪ Train supervisors
▪ Document compensation guidelines
▪ Audit pay practices
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
35
Gender Diversity/Equity
Results
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
%
36
Gender Diversity/Equity
Results
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
%
%
37
Gender Diversity/Equity
Results
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
38
Self-Reflection
What do you need to do?
What did you learn?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
39
Pay Equality Agenda
✓Compensation legislation
✓Size of the issue
✓Tools to analyze
✓Time to fix it!
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC 40
Contact Info:
Cassandra Faurote at
info@totalrsolutions.com
or
317-589-8529
www.totalrsolutions.com
Thanks!

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