?? Striving for pay transparency, new federal parental benefit announced, and supporting working women ??
The Beacon Brief ??
For founders and HR pros looking to find and keep the best talent for your growing company.
As we celebrate International Women's Day in March, an occasion to recognize the strides achieved toward gender equality—it also serves as a reminder that much work has to be done to solve the particular difficulties that women confront around the globe. Adopting equality entails taking concrete steps to address the particular difficulties that women have and working to create a workplace where everyone has the chance to achieve. But there's been good news!
There's much on the move in the world of HR—around pay transparency in British Columbia as well as a new federal parental benefit coming up! Tune in later in the newsletter.
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Working through an unstable economy means employers are faced with challenging decisions around pay, benefits, and staffing. There's anxiety around further layoffs, budget cuts, and more pressure on employee performance. And the negative impacts skew harder toward working women.
While March 14 marked equal pay day, new pay transparency legislation was introduced to hopefully close the gender pay gap in B.C.
All employers will be required to disclose wage or salary ranges for all positions that are publicly advertised as of November 1, 2023. Also, once the law is in effect, businesses in B.C. will not be permitted to request pay history information from potential hires or discipline team members who reveal their compensation to coworkers or candidates for open positions, both of which are known to widen the gender pay gap.
Total rewards is a key component of any organization's people strategy and yet, 95% of companies are struggling with this—it’s a hard thing to get right. With the incoming pay legislation, we can no longer ignore this. But here’s the good news: One study found that pay equity is thirteen times more impactful than paying people a lot of money. It is the number one impact on health and well-being, meaning people are healthier and less stressed if they’re not wondering if they’re being paid fairly.
We believe that top companies will see pay equity as part of every single business decision and there’s a huge opportunity ahead to differentiate your organization through your pay philosophy and practices.
From dealing with tenured employees who've been overpaid, to worrying about competitors poaching top talent more easily, there'll be many shifts in how management handles compensation.
As you reconsider who and what behavior gets rewarded, what equity and fairness really mean at your company, remember to communicate. If you’re conducting an analysis, fixing inequities, or changing anything at all, your employees will have questions. It's essential to train your managers and align on how to have conversations around pay.?
A new parental benefit that will give parents who adopt or start families through surrogacy more time at home with their child is being prepared for implementation by the federal government.
It's a victory for equity because adoptive and same-sex working parents have criticized Canada's parental leave system for not treating them fairly.
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In honour of International Women’s Day, we’re recognizing an incredible award-winning female-led company and long-time partner of ours, Talk Shop . ??
The team at Talk Shop (they're hiring!) has earned a reputation for delivering cutting-edge public relations programs across the technology, real estate, retail, wellness sectors, and more. As a values-led organization that's rapidly grown across Canada, they deal with fluctuations in HR demands. Beacon HR's flexible fractional model means we've been able to help them scale people operations up or down as they need.
"We have worked with Beacon HR in a consultancy and fractional HR capacity for a few years now and have always been impressed with their professionalism, expertise, and ability to seamlessly?integrate with our team.?From helping us navigate our post-pandemic return to work safety plans and policies, to coaching and mentoring our people managers, to helping us with team transitions and more, everyone we have worked with has been a true pleasure and has felt part of our team!"—Martina Ivsak, VP, Head of Operations at Talk Shop
Schedule a call with us to learn more about our fractional people operations services.
Keep your eyes peeled for a webinar around maximizing people potential and profit, where we share top HR strategies for leaders in uncertain times!
Speaking of which, are you tired of putting out HR fires? Help is just one click away.
AskHR?is designed for busy leaders and teams who need an on-demand HR expert at their fingertips. When you need 911 support or just to bounce your ideas off of an HR professional, you can relax knowing you have HR on speed dial.
The number one challenge that owners and their leadership teams face is their people. At Beacon, we understand that running a small business comes with unique challenges - especially of the HR variety.
Ask your first question for free by contacting us now!
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