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Summary:

This past June, at SHRM22, our very own Lenna Turner, Director of Diversity, Equity, and Inclusion at Salary.com, and David Turetsky had the opportunity to host a session on pay equity while presenting an overview of the Plunkett Pay Equity Framework. Lenna and David begin by addressing the importance of pay equity today and then lay out the six steps to achieving pay equity in your organization. In this episode, Lenna and David talk about pay equity and how to achieve it. 

Chapters:

[0:00 -4:30] Introduction

•This episode was recorded live at SHRM22!

•A New Perspective: Pay Equity and How to Achieve It

[4:31 -15:56] Why is pay equity important today?

•It’s the right thing to do!

•Pay equity legislation

[15:57 -42:33] What is pay equity and the 6 steps to achieving it

•Mandate pay equity

•Group comparable jobs

•Model internal equity

•Benchmark external competitiveness

•Communicate transparently

•Update continuously

[42:34 -58:33] Final Thoughts & Closing

•Use these 6 steps to get ahead of the pay equity curve

•Thanks for listening!

Quotes:

“The first and critical step [to pay equity]. . . is working with your senior leaders and the board of directors to make sure that it is mandated by them, and it's therefore important.”

“This method . . . sets you up to, first of all, get that mandate because now you have a process that you can translate into an action plan that your CEO and your board can actually support and approve and fund.”

Contact:

Lenna's LinkedIn
David's LinkedIn

Production by Affogato Media
Podcast Manger: Karissa Harris

To schedule a meeting with us: https://salary.com/hrdlconsulting

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Produced by Affogato Media