May 2023 - Let's talk about compensation

Today we want to highlight the importance of employee compensation in diversity, equity, and inclusion (DEI) initiatives within organizations. Although many companies are making strides towards creating a more diverse and inclusive workplace, compensation is often overlooked in DEI strategic plans. It's crucial to ensure that compensation practices are fair and unbiased to create a truly equitable workplace.

Compensation is a vital aspect of the employee experience, impacting an individual's financial security, career trajectory, and overall well-being. Unfortunately, studies have shown that pay disparities persist across gender, race, and other identities. Addressing these disparities is not only a matter of fairness, but also a business imperative. Failing to provide equitable compensation can result in decreased morale, higher turnover rates, and difficulty in attracting and retaining top talent from diverse backgrounds.?

PULSELY RECOMMENDS

Diversity fatigue?is setting in and DEI professionals are throwing in the towel amid a lack of support from company leaders.

Are companies losing momentum in DEI??If companies don’t act now to rekindle and reinvest in their DEI programs, the loss of talent will have a profound impact on future business success.

Have we been using wrong terminology in the field of DEI? This researcher argues that?we should stop saying “underrepresented”.

Unless you’re robustly evaluating your impact, it’s hard to know whether what you’re doing is making things better.?This is why you should start A/B testing your DEI initiatives.

During times of economic difficulties and budget reductions, skeptics can impede the progress of DEI?initiatives. To overcome this obstacle,?consider implementing these eight strategies to address DEI skeptics.

DEI ACADEMY

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How To Find The Right DEI Training For Your Workplace??(Article)

Building a culture of inclusion requires changes in processes and policies. But, most importantly, it requires that individuals develop their own inclusive skills - their inclusion competencies. So how do you know how and where to focus your DEI training to advance people in ways that will make a real difference in your culture?

Inclusive Recruitment - The Secret to Attracting and Hiring Diverse Employees?(Article)

Acquiring talent from diverse pools requires both widening how you source your candidate pool and focusing precisely towards overlooked spaces. The secret to inclusive recruitment is being real and consistent in your signals of inclusion to diverse talent.

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Want to Improve Employee Retention? Start with Inclusion?(Article)

One in five workers planned to quit their jobs this year. Job fulfillment and the ability to be one’s self at work are two of the main reasons why people consider changing jobs. While inclusion does not guarantee job satisfaction, it is a prerequisite. So if you want to increase retention among your workforce, start with inclusion.

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How Leaders Can Prevent Inappropriate Behaviors in the Workplace?(Article)

When we talk about misconduct, we’re often talking about toxic behavior that became normalized as part of a toxic workplace. When leaders use their voices and put appropriate action, they help create a culture with ethical values at the core, establishing a safe space for reporting misconduct without threat of retaliation while emphasizing a zero tolerance policy.

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