Posts by Nicholas Starkman
Canada Pay Equity Act Anticipated to Take Effect This Year
In a landmark effort to ensure that pay equity is both achieved and maintained, the Canadian parliament passed the Pay Equity Act in December of 2018. The Pay Equity Act will create new proactive pay obligations on employers in the public and private sectors. Since 2018, covered organizations have waited for the Act to take…
Read MoreHR.com Report Finds Employers Have Room to Improve on DEI Initiatives
HR.com recently issued a report on a survey they ran regarding employers’ outlook towards Diversity, Equity, and Inclusion (DEI) initiatives for 2021. The report, The Future of Diversity, Equity and Inclusion 2021, includes survey data collected between December 2020 and January 2021 from 374 HR professionals across the world, with the majority residing in North…
Read MoreHow to Prepare for the ESG Reckoning: Three Essential Steps
When two founding members of Bain Capital’s impact investing fund sound the alarm that An ESG Reckoning Is Coming, employers should take note. Michael O’Leary and Warren Valdmanis cover a lot of ground in their new article for the Harvard Business review, from Nikola’s disastrously fake zero-emission semi-truck commercial to Former U.S. Attorney General Loretta Lynch’s…
Read MoreConduct a Pay Equity Analysis This Equal Pay Day
Today, March 24, 2021, is Equal Pay Day. Equal Pay Day is not a holiday but rather a time for somber reflection and strategic planning. According to the National Committee on Pay Equity, “This date symbolizes how far into the year women must work to earn what men earned in the previous year.” It began…
Read MoreWhat Employers Need to Know About Setting ESG Goals & Measuring Their Progress
As time goes by, it’s becoming clear just how important environmental, social, and governance (ESG) goals are for employers. Accurately measuring your ESG progress is only part of the solution. Like most business processes, companies look to Key Performance Indicators (KPIs) to measure progress towards goals and objectives. The issue is that employers are focusing…
Read MoreHow Employers Can Turn Pay Data Reporting into a Better Business
From Risk to Opportunity: How Employers Can Turn Pay Data Reporting into a Better Business Workforce data is the fuel that powers engines of innovation and growth in the 21st century. Just as crude oil must be distilled in order to make gasoline, workforce data must be wrangled, segmented, and cleaned in order to maximize…
Read MoreGap Between ESG Efforts & Expectations Becoming More Apparent
Companies today should be aware that their employees, customers, and shareholders are increasingly having “trust issues” with them. These organizations could face strong consequences from “talking the talk but not walking the walk” with regard to environmental, social, and governance (ESG) criteria. For example, while 80% of the U.S. population want companies to help solve…
Read MoreWhy and How to Conduct an Effective Pay Equity Audit
3 minute read Why should achieving pay equity be such a high priority for employers? For one thing, it’s simply good for business. As quoted by the Society for Human Resources Management (SHRM), attorney Cheryl Pinarchick (with Fisher Phillips in Boston) stated, “By ensuring employees are paid equitably, employers can increase efficiency, creativity, and productivity…
Read MoreWhy D&I Matters in the Financial Services Sector
3 minute read Employers across the nation, and across the globe, are working to create diversity and inclusion (D&I) programs, not just due to increased regulation, but also to take advantage of greater opportunity. According to Deloitte, such D&I programs “can improve results, provide different perspectives, and [help companies] better connect with a more diverse…
Read MoreBiden’s Order Signals Shift Towards Fighting Discrimination
3 minute read A new Executive Order from President Biden portends a seismic shift in White House policy on preventing and combating discrimination on the basis of gender identity and sexual orientation. “It is the policy of my Administration to prevent and combat discrimination on the basis of gender identity or sexual orientation,” the President…
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