Garry Straker - The Pay Equity Landscape

Send us a text Summary: Garry Straker has more than 20 years of experience providing total rewards consulting services to a diverse list of clients from a variety of industries including technology, logistics, higher education, non-profit, healthcare, public sector, and more. Garry focuses on helping organizations achieve strategic goals by leveraging technology, data, and labor market insights to design sustainable, market-aligned total compensation plans. His expertise includes developing rewards programs that are appropriately aligned with workplace culture, and business priorities.  Garry is an active member of World at Work and a board member of the Colonial Total Rewards Association. He is also a certified employee benefits specialist with fellowship status. He has been a presenter on human resources, compensation and benefits topics at national and regional conferences, including the World at Work Pay Equity Symposium, SHRM, CBIA, CUPA and SACUBO.   In this episode, Garry talks about pay equity, how it’s changed over the years, and how it continues to influence compensation practices across industries.  Chapters: [0:00 - 4:11] Introduction Welcome, Garry! Today’s Topic: Pay Equity [4:12 - 8:29] What is pay equity? How the term pay equity has evolved over the decades Pay equity regulations vs. corporate good practice [8:30 - 18:50] How has the focus on pay equity changed compensation practices? The increasing level of transparency around pay equity How transparency benefits more than just the employer and employees [18:51 - 26:33] What trends are you seeing in the workplace that are related to pay equity? Technology’s role in the continuing evolution of pay equity There’s a genuine desire to adopt pay equity practices [26:44 - 28:59] Final Thoughts & Closing The end goal should be to create the best employee experience Thanks for listening! Quotes: “I think pay equity, in terms of how we define, it has evolved and changed particularly in recent years and as a result of many different factors. But today when we talk about pay equity, we're really talking about a general sense of fairness in the workplace.” “For a lot of organizations, I think it's going to be incremental steps. There's a lot of housekeeping and analysis that needs to be done around pay equity . . . and the integrity of your data is just going to be critical.”Contact:LinkedInProduction by Affogato Media To schedule a meeting with us: https://salary.com/hrdlconsulting For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/ Produced by Affogato Media