In this episode, JoDee and Susan discuss pay equity with frequent guest and compensation expert Jennifer Loftus.
Topics include:
- What pay equity actually means
- Misconceptions employers have about pay equity
- Why pay equity has become a significant business issue in recent years
- Trends in compensation and pay equity
- How pay transparency has changed compensation strategies
- Where to begin if you’ve never conducted a pay equity review
- Common compensation mistakes that unintentionally create pay inequities
- How to respond if an employee tells you they think they’re being paid unfairly
In this episode’s listener question, we’re asked how to get leaders to take talent reviews seriously. In the news, 59% of retirees are leaving the workforce before they expected.