Searching Workplace Equity on page 43

This article is based on content from my 2021 book, “ The Whole-Person Workplace: Building Better Workplaces Through Work-Life, Wellness, and Employee Support. ” You can find more information at ScottBehson.com.

For WorldatWork Members Internal Mobility Keeps Employees from Moving On , Workspan Magazine article;High Potential: The Power of Job Rotation, Shadowing and Stretch Goals , Workspan Daily Plus+ article;Pandemic Disparities — Exploring the Employment Gap , Workspan Magazine article; For Everyone Dropping Degree Requirements Is a Growing Trend , Workspan Daily article;Internal Investment: The Rewards of a Job Rotation Program , Workspan Daily article;A Sustainable Culture for Employees to Thrive In , Workspan Daily article; Reuse Permission The unremitting emphasis on agility and innovation in the workplace is prompting some businesses to place skills, rather than job titles and roles, at the center of the organization.

The report did reveal that there will be some exceptions, as investment bankers working in equity underwriting are projected to receive payouts that are 5% to 15% higher than last year, while wealth managers could receive awards that are 5% higher.

.; ;Conduct a pay equity analysis .

Total Target Cash (TTC) = Base Salary + Target Short - Term Cash Incentives (STIs) Equity Vesting Value Calculates the value of equity that has vested over a given period.

Finally, be mindful and don’t pass on performing your pay equity reviews, where the amount of salary increases and total salaries are regularly reviewed.

Commonly Used HR Metrics Average salary/wage;Compa-ratios (comparison of pay to a salary range midpoint);Count of employees per segment (hourly, non-exempt, professional, management);Average performance ratings (latest cycle);Average annual pay rise granted for each performance rating;Count and average of promotional and “equity” increases;Voluntary turnover (employees who decided to leave);Average employee age and length of service; We could go on and on, but you get the point.

See Issue Journal of Total Rewards Q3 2021 This issue looks at ways to fix Social Security’s funding gaps, a pay equity primer for executives, investing in retail employees, and more.

A lot of employees have lived through a workplace trauma like a robbery, shooting, an unexpected death, or an upsetting event within their workplace at some point.

Thousands of companies have made diversity, equity (including gender equity) and inclusion a key element of their organizational talent strategy, giving working women additional leverage to prioritize benefits.