Addressing pay equity and transparency

In this conversation, Tom Mcmullen, a client partner at Korn Ferry, discusses the topics of pay equity and pay transparency. He explains that pay equity is about creating a level playing field for individuals, while pay transparency is about providing information on salary ranges to applicants and employees.

Tom highlights the importance of reducing pay gaps for gender, race, and other protected groups, and how societal pressure has led to regulatory changes in this area. He also emphasizes the need for organizations to have clear frameworks and policies in place to address pay equity issues and communicate them effectively to employees.

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