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Cassandra faurote
- 1. ©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC.
Pay Equality: Time to Fix it!
August 21, 2018
- 2. 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
- 5. 5
It’s the Law
Equal Pay Act 1963
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 9. 9
Why It Is Important
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
74¢
78 to 82 ¢
- 10. 10
Why It Is Important
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 11. 11
Why It Is Important
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
78%
80%
53%
- 12. 12
You Decide – Are They
Doing it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 14. 14
High Profile Individuals
▪ Mark Wahlberg & Michelle Williams
▪ BBC
▪ E!News
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 17. 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. 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. 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. 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
- 24. 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. 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. 26
Time To Fix It!
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 27. 27
Make Equal Pay a Reality!
2059???
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 28. 28
Who is Doing Something?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
64% Taking Action
43% Philosophy
36% Gap Issues
- 29. 29
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 30. 30
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
Salary History
- 31. 31
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 32. 32
Who is Getting it Right?
©Copyright 2018. All Rights Reserved. Total Reward Solutions, LLC
- 33. 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. 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
- 40. ©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!