One of the big conversation at the Wharton People Analytics Conference was gender pay gap. As a father of two little girls this is an issue I take to heart. Every organization knows that it is an issue, and they are all (hopefully) trying to fix the problem. An interesting insight that I heard at the conference was, that it is not enough to just compare male and female pay who are in the same role. Rather one needs to include analysis into other variables, such as experience, education and other skills to create a fuller picture of the pay gap. Interestingly when an organization includes more variables in their analysis they find that the gap may not be as large as they thought it to be. We need to think critically about the roles all employees play at our organizations and come up with fair conclusions and how they should be compensated.
Comments are closed.
|
AuthorBaruch Hecht is a management consultant, experienced COO, the founder of Management Shop, and an avid reader of business literature. Archives
December 2019
|