Estimated reading time: 3 minutes
One of the things that I believe organizations need to do a better job of is explaining how compensation works. I believe when employees – at any level of the organization – don’t understand their pay, it leads to distrust and impacts performance. No one wants that.
That’s why I’m really excited to share with you a bonus episode of The HR Bartender Show! I recently had a great conversation with Brian Reaves, UKG’s executive vice president and chief belonging, diversity, and equity officer about a new research report from UKG and Harvard Business Review on pay equity.
Brian brings a very interesting background to this conversation. A software engineer by trade, he conveys an “engineering mindset” to UKG along with more than 30 years of advancing diversity, equity, and inclusion within the technology industry. His previous experience includes Dell Technologies, SAP, and Xerox. In his current role, Brian leads the UKG’s global belonging, diversity, and equity efforts, expanding existing initiatives while working to strengthen a culture built on trust, fairness, and equality, so all people can thrive in their careers.
If we want to hire engage and retain the best people, we need to pay them equitably. Please note: I’m not saying organizations need to pay employees more than the market. Pay equity is about paying people with similar responsibilities the same. And not bringing factors like gender, race, ethnicity, religion, etc. into the decision-making process.
I’m also not saying that pay equity is easy. Frankly, as you’ll hear in my conversation with Brian, it’s very nuanced and complex. That’s why organizations need spend time learning about compensation and pay inequities. That will help them develop a strategy to address it.
Connect with Brian Reaves
Twitter: https://twitter.com/briankreaves
LinkedIn: https://www.linkedin.com/in/briankreaves/
During the show, we discussed a new research report from UKG and Harvard Business Review titled “Making Pay Equity Work for All”.
Season 2 Bonus Episode 6 – Brian Reaves Show Notes
Season 2 Bonus Episode 6 – Brian Reaves Transcript
Thanks for listening to our podcast. This season of the HR Bartender show is brought to you by our friends at Ultimate Kronos Group (UKG), a leading global provider of human capital management, payroll, HR service delivery, and workforce management solutions.
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The post Change Management [Season 2 Bonus Episode] Changes in Pay Equity appeared first on hr bartender.
