In this episode, Traci Chernoff welcomes back Rameez Kaleem to discuss the critical topic of pay transparency.
Together, Traci and Rameez explore what pay transparency means, its importance in fostering trust within organizations, and the current trends in salary increases amidst inflation.
Rameez shares insights from the Global Salary Planning Report, where he highlights the challenges organizations face in maintaining pay equity and the necessity of establishing clear pay principles.
On top of that, they also delve into the gender pay gap and the significance of salary ranges in promoting fairness and transparency in compensation practices.
Chapters
00:00 Introduction to Pay Transparency
02:56 Understanding Pay Transparency
06:02 Global Salary Trends and Inflation
09:02 The Role of Pay Transparency in Organizations
11:58 Establishing Pay Principles and Processes
15:00 Addressing Pay Equity and Gender Pay Gap
17:53 The Importance of Salary Ranges
20:53 Challenges in Pay Transparency
24:09 Conclusion and Resources
About Our Guest:
Rameez Kaleem is the founder and managing director at 3R Strategy, an independent reward consultancy dedicated to helping organizations build a culture of trust through pay transparency.
He graduated in economics from University College in London and had various in-house reward consultancy roles before founding 3R Strategy.
3R Strategy supports organizations on their journey to pay transparency, covering rewards transparency, job evaluation and architecture, pay structure design, and equal pay.
Connect with Rameez Kaleem here:
Website: https://3r-strategy.com/
Follow Rameez on LinkedIn: https://uk.linkedin.com/in/rameezkaleem
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Connect with Traci here: https://linktr.ee/HRTraci
Disclaimer: Thoughts, opinions, and statements made on this podcast are not a reflection of the thoughts, opinions, and statements of the Company by whom Traci Chernoff is actively employed.