Most discussions are focused on equal pay. Crunchr shows that if you explore the data, the underlying problem is often much deeper.
Here are 6 tips to discover the real story:
Step 1 – Validate talent acquisition conversion metrics
Is there any talent pipeline bias? Do the new hires reflect the outside world?
Step 2 – Analyze the performance and potential scores
Can you detect bias in how managers rate employees?
Step 3 – Calculate the promotion and lateral move rates
Is everybody offered the same opportunities to develop?
Step 4 – Assess the succession bench and coverage ratios
Can you already foresee inequality in leadership positions in 3-5 years?
Step 5 – Explore the pay gap (don’t forget STI & LTI)
What are the regression drivers for pay? What does a company reward?
Step 6 – Examine Engagement and Employee Turnover rates
Don’t forget the impact of the work environment on diversity & inclusion