Summary:
ADP’s Meeting of the Minds was held in Atlanta, GA in March 2023 and our very own David Turetsky led a session about pay transparency. With an increasing number of states adopting pay transparency legislation, it’s important for companies to not only recognize that pay transparency is now being treated more seriously than ever but also prepare for its adoption.
In this episode, David talks about the rise of pay transparency legislation, the challenges it presents to organizations, and how to prepare for it.
Chapters:
[0:00 - 2:18] Introduction
[2:19 - 21:25] What exactly is pay transparency and what are its benefits?
[21:26 - 46:54] Challenges with pay transparency adoption and how it affects various roles within a company
[46:55 - 56:29] Q&A
[56:30 - 57:00] Closing
Quotes:
“Pay is always [an emotional topic] when you sit down with your employee . . . make sure they’re emotionally ready to have a conversation.”
“There are a lot of challenges [with pay transparency] and one of them is that compliance cost is extremely high.”
Contact:
David's LinkedIn
Production by Affogato Media
Podcast Manger: Karissa Harris