Qualitative Pay Gap Analysis for Robust Transparency

Kristina Schoemmel
Wednesday, April 24, 2024, 11:20 AM - 12:00 PM
A demand for transparency is increasing from both regulators and employees, making the addressing of pay disparities not just an ethical imperative but a strategic necessity. This session takes a deep dive into the methodologies and insights derived from extensive pay gap analyses. Learn the tools and insights needed to navigate the complexities of pay transparency, with a focus on the European Union's Pay Transparency Directive.
In a climate where gender pay gaps are under scrutiny like never before, businesses are mandated not just by law but by social expectation to ensure fair compensation practices. This session takes a front-line perspective on how one global manufacturing company, facing the imminent EU Pay Transparency Directive, pioneered a qualitative approach to identifying and addressing pay disparities.
 

This session will explore:

  • Introduction to Pay Gap Analysis: Understanding its importance in the modern workplace.
  • Advanced Analytics Techniques: Utilising regression models to identify pay disparities.
  • EU Pay Transparency Directive: Preparing for compliance and strategic implications.
  • Corrective Measures: Qualitative approaches to address and correct identified pay gaps.
  • Case Study Insights: Real-world application and outcomes from a global manufacturing company.
  • Future Directions: Anticipating challenges and opportunities in pay transparency.

Learning outcomes:

  • Master advanced analytical techniques for identifying pay disparities.
  • Understand the strategic importance of pay transparency in compliance and culture.
  • Learn to implement effective corrective actions for pay equality.
  • Gain insights into preparing for the EU Pay Transparency Directive.
  • Explore the potential impact of pay transparency on HR strategy and business reputation.