Now is the time for you and your company to become, or improve upon, being a fair and equitable payer. Making progress takes not only thought but finding real ways to make enhancements. Here are 4 actionable ways to advance your progress to an equitable workplace. Real-time dashboards – By giving managers easy access to simple real-time metrics like pay gaps and pay ratio you can invoke the Hawthorne effect which is largely credited for the success of wearable health monitors and step-trackers from companies like Fitbit. Flexibility – While it is more common for females to need to step away from their roles more often than their male counterparts. Flexibility should be delivered gender-neutral as it allows females the ability to stay in their roles while giving males opportunities to share home commitments, further assisting females to remain in the workforce. Monitoring hierarchical pay ratios – undeniable scientific evidence shows that the gap between the richest and poorest has a huge impact on our mental wellbeing. Lower inequality has been shown to improve well-being across all income groups, not just the poorer ones. Better parental benefits and choices – A recent study showed how the happiness of parents can be explained by the level of parental leave, flexible working hours, affordable childcare, and holiday leave within a region, which reduce the potential for work-family conflicts
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