As a team member, representing the management, suggest a way for the company to achieve pay parity through mutual consensus.
Answers
Answer:
Review the existing salary structure of your employees across different departments and management levels based on their gender, age and experience. If you’re using an advanced HR reporting and payroll system, these reports would be easy to generate and analyse trends.
Close any existing pay gaps by ensuring that all your employees are paid fairly for their investment in growing your company.
Evaluate the hiring process
Hiring talent is critical to building a diverse, inclusive and productive workforce. The Australian Government has a range of grants, assistance and support schemes in place to encourage employers broaden their talent search towards creating a fair and balanced workplace.
Critical to this is a transparent recruitment process wherein hiring managers assess candidates against the desired skills and experience, while providing open feedback for their hiring decision. Another vital aspect of hiring is pay negotiation. Set the salary you’ve budgeted for the role and offer that to the right candidate. People usually aren’t comfortable negotiating, and if the candidate feels shorthanded at the end of the negotiation, it will leave a lasting negative impression.
Offer mentorship and professional development
One of the best ways to retain talent and encourage diversity is to offer mentorship and professional development opportunities. Identify the aspirations of new female employees, and provide guidance on career advancement tailored towards their specific professional and personal goals. Select accomplished female mentors to provide sound counsel in relation to career advancement. Not only will this boost employee engagement, but it will also improve organisational efficiency.
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