Margret and Henrike discuss benchmarking. But how is fair pay compared? Does a company benchmark itself to other companies, or should it measure success based on its own standards? How important is salary when "more money" isn't even the most important reason to change a job, but most employees rather care about their careers? What impact has Covid had on salaries?
Diversity will drop into place if your system is objective and stereotype-free. But what if it isn’t?
In ensuring pay equity, global companies contend with the need to account for cultural values across countries. Read on to find out how to address cultural differences in compensation decisions.
Among the practices that helped earn BMW its gold medal for universal fair pay leadership, the company allows joint leadership for some leadership positions. In this coffee talk, Margrét and Henrike discuss this practice: when can it be helpful to allow one full-time position to be filled by two part-time workers instead?
Margrét and Henrike talk about the variables that determine pay. Should older employees be paid more than young ones doing the same job? Are there alternative approaches to using age to represent experience? Our hosts also talk about employee performance, the most controversial (and possibly most fun) variable to measure.
