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Webinar - How Are Global Companies Addressing Pay Equity?

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Webinar - How Are Global Companies Addressing Pay Equity?

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Join Buro Happold’s Head of People Data, Vicky Thorburn; Payscale’s Director of Social Impact, Vicky Peakman; and Payscale’s Chief Product Evangelist, Ruth Thomas on Tuesday, January 17th at 9 AM PST as they discuss their pay equity journeys and how organisations can address this issue.

Join Buro Happold’s Head of People Data, Vicky Thorburn; Payscale’s Director of Social Impact, Vicky Peakman; and Payscale’s Chief Product Evangelist, Ruth Thomas on Tuesday, January 17th at 9 AM PST as they discuss their pay equity journeys and how organisations can address this issue.

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Webinar - How Are Global Companies Addressing Pay Equity?

  1. 1. Pay Equity Journeys: How Global Customers are Navigating Towards Pay Fairness
  2. 2. Today's Presenters: Ruth Thomas Chief Product Evangelist Payscale Vicky Peakman Director of Social Impact Payscale Vicky Thorburn Head of People Data Buro Happold Engineering
  3. 3. Today's Agenda • Introduction to global pay equity • Panel • Audience Q&A
  4. 4. Pay Equity has become a political, social, and economic issue All these factors are converging to create a moment for change An evolving legislative landscape which is shifting onus for action to employers A shifting social climate that is driving employee expectations around fair pay A multi-stakeholder issue with investor, employee, and customer pressure increasing
  5. 5. This new focus is leading to a shift of approach Litigation Focused Proactive Strategic Imperative HR and Legal C Suite, Investors, Employees Ongoing and Part of Every Day Point in Time Analysis Reactive
  6. 6. The legislative and reporting outlook Pay transparency Gender audits Reporting requirements Equal pay certification
  7. 7. What is coming up? EU Directive on Equal Pay & Pay Transparency Increase in ESG-related shareholder proposals were filed - Pay Gaps are part of ‘S’ UK Ethnicity and Disability pay gap reporting UK pay transparency pilot / Liberty Hive campaign
  8. 8. 8 Poll: Has your organization conducted pay equity analysis? ❑ Yes, continuously ❑ Yes, annually ❑ Yes, every few years ❑ Yes, but many years ago ❑ No, never ❑ Unsure
  9. 9. Pay equity intent is on the rise For the first time in the history of CBPR, pay equity analysis is now something a majority of orgs are planning on doing. 2022 Payscale Compensation Best Practices Report Pay equity is being seen as a critical talent strategy tactic more than a compliance exercise
  10. 10. Question 1: Starting your pay equity journey How have you gone about moving from just reporting your pay gaps in the UK to actually trying to fix any issues you have in your organisation?
  11. 11. Question 2: Pay equity across borders How does it work when you are juggling pay equity in more than one country? How are you handling the differing perceptions and views? What challenges are you running into?
  12. 12. Question 3: Pay transparency How is new transparency legislation that is coming in the US and EU impacting you? Are you also implementing in the UK, making you ahead of the curve?
  13. 13. Question 4: Top tips and takeaways What advice would you give to companies starting out on their pay equity journeys? Any specific advice for companies in more than one country?
  14. 14. Top tips Get the data and tackle it head on 1 2 3 Start taking action, even if they’re small Measure often and don’t be deterred by setbacks – it’s a journey Vicky Thorburn​ Head of People Data & Insights Buro Happold Engineering
  15. 15. Top tips Replicate the most stringent requirements that apply to you everywhere. Keep it simple! 1 2 3 Communicate – take your managers and employees along with you Vicky Peakman​​ Director of Social Impact Ensure that you have a good job architecture in place
  16. 16. Top tips Understand the business case for fair pay and how this aligns with your values 1 2 3 Collect and disaggregate data Ruth Thomas​​ Chief Product Evangelist​ Act local think global
  17. 17. Q&A Feel free to ask any questions in the chat!

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