 | From the Editor's Desk
Why Companies Attempts to Close the Gender Pay Gap Often Fail Gender pay equity has become a big point of contention at many companies. But the most common approaches for identifying a pay gap and resolving it are full of pitfalls for the unwary. That’s because it’s a tall order: you have to calculate the gap the right way and figure out how to fix it without ballooning your wage bill, all while truly helping underpaid women, maintaining your incentive structure, and avoiding the creation of new legal liabilities. The authors have extensively researched the most common ways companies try to fix a pay gap – and how these fail or cause other problems. They’ve found that closing a gender gap without regard to cost effectiveness can be prohibitively expensive; however, only focusing on cost (as many managers do) creates more problems than it solves. They suggest first identifying which employees are contributing the most to the gender pay gap at your firm, and then allocating raises as efficiently as possible to close the gap — while working within the framework of your HR strategy and norms of fairness.
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WorkWork� | � |  | WorkWork | � | | WorkWorkWhy do startup valuations go down when interest rates go up? TechCrunch The startup literature around inflation impact on startups focuses on cutting costs, getting to default positive, controlling burn and slowing hiring. But some of these measures, albeit useful during recessions, are too general to be helpful. Instead, a better way to prepare for inflation is to understand how price increases affect your business.
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This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. WorkAllen Weisselberg, a Trump Org employee for decades, pleads guilty to felony charges You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. 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