Comp + Coffee Payscale

We are again discussing Gender Pay Gaps and the findings from our recently released GPGR. In our last episode, we introduced you to this year’s report and the overall outcomes. Today we are going to build on that and delve into more of the reports insights and discuss some of the potential drivers of pay gaps.


Picking up from our last episode, we'll take a deeper dive into the Payscale Gender Pay Gap Report. 
We'll start with a quick summary of report findings, then explore how age affects the pay gap. Additionally host Ruth Thomas together with guests Amy Stewart and Kelly Campana will also discuss how changing views of women's work can influence how we measure the gap itself. 
Most importantly, we'll focus on practical tips for closing the gap by highlighting what employees bring to the company. Listen and explore actionable ways to create a more equitable workplace!
Key Takeaways:
Quick summary of Payscale’s gender pay gap report Why does age affect the gender pay gap? The idea behind how to measure the pay gap and how historical ideas around women’s contribution to the world are changing It is important to remind employees about where is their best contribution lies and happen Women who work from home have a wider pay gap than those who work in offices  
Resources:
Payscale Website: www.payscale.com  Email: coffee@payscale.com

Our discussions this month are all aimed at raising awareness and encouraging action to eliminate bias and discrimination entirely from our workplaces and society at large. This year’s Women’s History Month theme “Women Who Advocate for Equity, Diversity and Inclusion" which is very appropriate for this conversation.
Today, host Ruth Thomas welcomes guests Michelle Gyima and Amy Stewart to analyze data from the recently published Gender Pay Gap Report 2024. This report, now in its tenth year, offers a much deeper understanding of the factors driving pay gaps. Together, they'll delve into the report's insights and share their perspectives on the analyzed data.
Key Takeaways:
 
How much women are paid compared to men?
The uncontrolled pay gap
Gender stereotypes in the workspace and how they affect overall pay
Bias in pay history
Why pay gaps don’t close just because of pay transparency legislation 
How organizations can address the Gender Pay Gap?
 
Resources:
 
•2024 Gender Pay Gap Report: www.payscale.com/research-and-insights/gender-pay-gap
Payscale Website: www.payscale.com 
•Email: coffee@payscale.com 
 

In January, we saw 22 U.S. states boosting their minimum wage rates with effect from the 1st of the month and three more planned later this year. So now there will soon be 30 states with minimum wages higher than the federal standard, which is $7.25 per hour for non-exempt workers. In this episode, we're talking about the impact this is having and will have.
Have you ever wondered how minimum wage could impact your pay? Tune in, and let's find out! Join Ruth and her guests, Vicky, Lulu, and Kim, as they delve into the specifics of minimum wages. 
Gain practical tips on attracting and retaining top talent, understand the effects of minimum wages on pay dates, and discover how increasing the minimum wage may align with environmental, social, and governance policies. Join us in this discussion as we explore the rewards and complexities of the expanding job market.
 
Key Takeaways:
Minimum wage in U.S. history
The Wage Act bill proposal
How to attract and retain your best workers
 The impact of minimum wages on pay dates
How increasing the minimum wage will contribute to environmental, social, and governance policies
How to solve pay compression
 
Resources:
Payscale Website: www.payscale.com  Minimum Wage Report: https://payscale.com/research-and-insights/minimum-wage-report Email: coffee@payscale.com 

Curious about job market trends in 2024? Join us in this episode as we delve into market predictions and the evolving compensation landscape for this calendar year. 
Our thought leaders at Payscale will discuss the fate of talent acquisition and share insights to help you navigate the changing world of work. Tune in with our guests, James and Lulu, as they break down key aspects of the job industry this 2024. 
 
Key Takeaways:
Legislation and advancements in technology
What is ahead in the legislative landscape in 2024 and for those managing compensation?
Does the 2024 presidential election impact the legislation?
Pay transparency and its impact on compensation data
Using job posting data as an additional source for compensation professionals
How does Payscale use AI for this calendar year?
What is the one thing that surprised them in 2023?



Resources: 
Payscale Website: www.payscale.com  Payscale End-of-Year Report:  https://www.payscale.com/research-and-insights/2023-end-of-year-report/  Payscale HR Predictions Guide:  https://www.payscale.com/research-and-insights/2023-end-of-year-report/#module-23  Email: coffee@payscale.com

As we close out the year, this discussion centers the state of the labor market as we pivot into 2024 as well as hot jobs and this year. What are the predictions from our thought leaders here at Payscale? Listen to find out!
Let's dive into Payscale’s 2023 End-of-Year Report! In this episode, guests Amy Stewart and Lexi Clarke provide insights into the state of the job market as we approach 2024. They highlight the top 10 in-demand jobs of 2023 with significant wage growth and reveal the jobs people are most inclined to quit, drawing from Payscale’s employee-reported survey data.
Key Takeaways:
How do you come up with the end-of-year report? What is the condition of the labor market in the upcoming years? Labor force specifications are at historic lows. Employer and employee friction is not going away. Is pay going to be as high in 2024? Transparency is huge. The "hot jobs" list highlights  Sneak Peak: Top predictions for 2024  
Resources:
Payscale Website: www.payscale.com  Payscale End-of-Year Report:  https://www.payscale.com/research-and-insights/2023-end-of-year-report/  Email: coffee@payscale.com 

Vicki, Liz, and Ruth discuss the gender pay gap -- what it is and how it's looking for next year. Is your organization taking necessary action to close the gap?
 
In this episode, we're peering into the future—2024, to be exact—to predict what changes lie ahead for the gender pay gap. Our guests, Vicky Peakman and Liz Sheffield, will be breaking down the factors that could impact who earns what, exploring everything from how workplaces are evolving to new policies on the horizon.
Join us for this chat as we talk about the possibilities, making sense of what the working world might look like in just a few years and how we can bridge the gap together!
Key Takeaways:
Looking at potential predictions in the year 2024 on gender pay gaps. Setting your intentions straight The mean pay gap for full-time workers. Examining the uncontrolled pay gap versus the controlled pay gap. How will the gender pay gap evolve throughout the next year? Exploring how the pay gap reached its lowest amount during the pandemic. Do women of different races experience varying impacts from the gender pay gap? Measure your pay gaps at all times. Resources:
2023 Gender Pay Gap Report Payscale Website: www.payscale.com  Email: coffee@payscale.com