From the course: Challenging Gender Pay Inequity in the Workplace
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Measuring and evaluating success
From the course: Challenging Gender Pay Inequity in the Workplace
Measuring and evaluating success
- The World Economic Forum estimates that it will take another 136 years to close the gender pay gap. However, we collectively have the ability to significantly reduce those years. Your organization can be part of the solution. Taking actionable steps towards closing the gap and measuring success allows companies to see results in employee loyalty, retention, a larger candidate pool, positive media relations, and a better overall company performance. In fact, these companies see up to 15% above industry medians compared to companies that do not focus on gender diversity. The old saying, what gets measured, gets done, could not hold any more true here. Tracking offers and starting salaries, promotions, and retention on a quarterly basis and then seeing how we can do better and how we can improve. The Closing The Gap report sets forth a simple four step process. Identify the components of pay to analyze. Measure the…
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