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4 steps to Building a Business Case for D&I

Visier

Improving diversity and inclusion is top of mind for most organizations—87% of them, according to a PwC study. High-performing employees might decide to leave the organization out of frustration with the lack of inclusion, and recruiting new employees will be more difficult. Improving results, hiring faster, and saving money?

COMPAS 223
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The New Workforce Gender Equity Factors HR Needs to Watch

Visier

This is echoed by a 2018 study by the National Bureau Of Economic Research , which found that women’s earnings declined sharply after the birth of their first child, while men experienced no comparable salary drop. In 2015, 90% of new CEOs in the S&P 500 were promoted or hired from line roles — and 100% of these executives were men.

COMPAS 152
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Compensation and Benefits

Analytics in HR

This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Every new hire should receive a clear report of their compensation package and know who to contact if they have any questions. It is typically an annual or monthly salary or an hourly rate.

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7 Compensation Issues and How to Fix Them

Analytics in HR

For example, Pfizer, the well-known pharmaceutical company, does a worldwide annual pay equity study on their organization to assess equality for gender and minorities on base pay, merit increases, and perks/bonuses. Tracking compensation metrics. Hiring a compensation consultant.

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The Forgotten Employee

Compensation Cafe

Studies have shown that having a pleasant experience when dealing with a company often outweighs price considerations and marketing glitz, as people tend to shop where they’re most comfortable and feel valued. Hire well into the salary range for qualified candidates. .; when does the 3:00 parade start?). This isn't a time to be cheap.

COMPAS 40
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Are Your Compensation Policies Helping or Hurting You?

Visier

Pay traditionally gets negotiated once at hire and any merit increases are thereafter distributed according to broadly applied policies. Attrition on its own is expensive once you factor in recruiting, lost productivity, and training costs. Their response was to stem attrition with a dramatic wage increase.

COMPAS 30