The Gender Pay Gap - Mar 06, 2024 Newsletter

It’s so good to see you! 🙌 Welcome to the inaugural edition of HRAddict, where we’ll be discussing pay equality and sharing handy resources to get you through the workweek!

In today’s edition:

• The latest insights into the gender pay gap →

• 4-day workweeks boost employee wellbeing →

• An employee engagement checklist (on us!) →

SPOTLIGHT

Women are still paid 17 % less than men

Payscale’s 2024 Gender Pay Gap Report found that women earn just 83 cents for every dollar earned by their male counterparts — which has largely remained unchanged for over a decade.

Even though efforts have been made to close the gap, as evidenced by the 73 cents that women were making for every $ 1 made by men in 2015, we still have a long way to go. 🛣️

But it’s time that the gender pay gap finally becomes zero.

So, how can HR close it?

• Conduct regular pay audits. Review and analyze salary data to identify and address any gender pay disparities within your organization. This ensures transparency and helps in addressing any unintentional biases.

• Promote diversity and inclusion. Foster an inclusive workplace culture that values diversity. Encourage diverse talent to advance within the organization, provide mentorship opportunities, and address unconscious biases that may affect career progression and compensation decisions. 🤔

• Implement clear pay policies. Establish and communicate transparent pay policies, emphasizing equal pay for equal work. Clearly define criteria for promotions, raises and bonuses to minimize subjective decision-making that may contribute to gender-based pay gaps.

• Promote salary negotiation skills. Provide training programs that empower employees, particularly women, with effective salary negotiation skills. Encourage open conversations about compensation expectations, enabling employees to advocate for fair and competitive salaries. 💬

• Regularly review and update job descriptions. Ensure job descriptions accurately reflect the responsibilities and requirements of each role. This helps prevent gender biases from affecting initial salary offers and ensures fair compensation based on skills and qualifications rather than perceived gender-related traits.

— Chris Leitch

NEWS THAT MATTERS

🎉 Benefits of 4-Day Workweek Are “Real and Long-Lasting”

Yahoo! — A 6-month study has revealed that shorter workweeks boost employees’ mental and physical health.

🤝 Global HR Platform Deel Acquires Zavvy, an AI-Based Startup

Tech Crunch — The people development startup creates tools for career progression, training, and performance management.

WEEKLY GIFT

How engaged are your employees?

The task to motivate and engage your employees can be overwhelming — but our Employee Engagement Checklist will make the process easier and help you determine if there are any areas that need improvement.

Another masterful HR gift coming your way next week :)

FEATURED RESOURCES

💰 Is the Gender Pay Gap Real? The Causes, Myths and Evidence

💪 25 Ways to Motivate Employees — and Boost Productivity

😊 Employee Engagement Is Important: Here Are 10 Reasons Why

Before you go: make sure to share this HR wisdom with other pros! Simply click your forward button, or share our web version.

💙 Created with care by Chris Leitch, Joanna Zambas, and Electra Michaelidou.