How to Address the Median Pay Gap and Cultivate Fair Compensation
Date & Time
Monday, June 12, 2023, 11:45 AM - 12:30 PM
Workplace Equity
Session Format
Target Attendee Experience Level
Intermediate: Hands-on and Practical Application

The median pay gap is gaining support as a standard equity benchmark. This session gives step-by-step guidance for understanding, communicating about and closing the median pay gap, while ensuring your company’s compensation practices are fair to all. We break down the gap into three parts: an “all-else-equal” gap, a gap based on variance in representation across jobs, and a gap based on variance in other attributes. You’ll learn advantages and drawbacks of the median pay gap as a measure, plus tips for promoting pay equity when hiring, promoting and retaining workers.

Learning Objectives
• Understand core measures related to the median pay gap.
• Apply this understanding to help meet your own organization’s pay equity goals.
• Evaluate the common pitfalls of using each component of the median pay gap.