Fostering Pay Equity at Work

Listen to the episode. Access the full transcript. Here is a summary of our conversation:

Chapter 1: Introduction to the Nurture Small Business Podcast (Timestamp: 00:04-00:21)

·          Host: Denise Cagan, president of DCA virtual business support.

Chapter 2: Introduction of Sally Loftis and Loftis Partners (Timestamp: 01:02-02:01)

·          Sally Loftis is the managing partner of Loftis Partners.

·          Loftis Partners works at the intersection of human resources, organization development, and social justice.

Chapter 3: Trends and Concerns from Employers (Timestamp: 02:38-04:23)

·          Discussion on trends and concerns in the workforce, including remote work and global recruiting.

·          Pay transparency and pay equity as significant topics.

Chapter 4: Pay Transparency and Pay Equity (Timestamp: 12:00-15:46)

·          Exploring the concept of pay transparency and its importance in building trust and transparency within organizations.

·          Benefits and challenges of implementing pay transparency.

Chapter 5: Pay Equity Assessment and Analysis (Timestamp: 17:16-20:10)

·          Conducting a pay equity assessment to identify disparities within an organization.

·          Analyzing pay ranges and identifying areas that need adjustment.

Chapter 6: Addressing Pay Disparities and Creating a Fair Compensation Structure (Timestamp: 20:10-23:18)

·          Working with organizations to address pay disparities and create a fair compensation structure.

·          Considering factors such as processes, procedures, and salary benchmarking.

Chapter 7: Involving Employees and Building Trust (Timestamp: 23:18-25:13)

·          Emphasizing the importance of involving employees in the pay equity process and building trust through communication and transparency.

·          Creating structures that help employees understand the pay structure and enable them to participate in setting fair pay.

Chapter 8: Connecting with Sally Loftis and Loftis Partners (Timestamp: 26:00-27:06)

·          Ways to connect with Sally Loftis and her company, Loftis Partners, through various channels and platforms.

·          Opportunities for consultation and collaboration.

Chapter 9: Conclusion and Closing Remarks (Timestamp: 27:06-27:39)

·          Gratitude for the conversation and invitation to provide feedback or podcast ideas.