PIHRA Pasadena presents Solutions to Pay Parity Challenges at our next Breakfast Meeting. Enjoy networking, a full breakfast and an important program. Come to learn more about the issue and how U.S. companies are addressing it.
There are multiple reasons why one employee may be legally paid less than another, but pay differences become problematic when they are influenced by gender, race or other protected characteristics. Although the gender pay gap is closing incrementally, pay parity between men and women still exists.
There are three compelling reasons for companies to conduct an equal pay analyses:
Talent strategy: A commitment to equal pay attracts a high-performing workforce, increases employee engagement and reduces attrition (underpaid employees are 22% more likely to quit than similar people in the same job); and
Fairness: Rewarding your employees for what they produce, and not who they are, is the right thing to do;
Risk management: New state and federal regulations and shareholder activism have increased the risks posed by unaddressed pay gaps.
About our speaker, Cathy Goonetilleke, Ernst & Young:
Cathy is a Partner in Ernst & Young’s People Advisory Services practice and focuses on HR strategy, risk management, compliance and operational efficiency and change management. She primarily concentrates on global rewards, risk and internal controls, HR and payroll efficiency and mobility issues. Cathy also co-leads EY’s Equal Pay offering. More specifically, Cathy’s experience includes:
► Identifying opportunities to mitigate HR risk and further improve business processes and systems;
► Developing communications and change management programs to support transformational efforts;
► Reviewing the compensation levels and underlying policies and processes to address Equal Pay globally;
► Designing tax-efficient and competitive long-term and short-term incentive programs for senior management and broad-based groups;
► Analyzing compensation and benefit programs for cost and process efficiencies;
► Assisting companies in the assessment of service delivery models related to the delivery of payroll, equity and other benefits, including the modeling of future state processes to support the new administrative arrangements;
► Identifying control gaps and opportunities to further the efficiency and effectiveness of current payroll and HR processes based on established knowledge of best practices; and
► Outlining and auditing the payroll implications for delivering compensation, benefits and perquisites to employees and non-employees in over 100 countries.
Cathy is a graduate from the University of Iowa having received a BBA in Accounting. Cathy is an Advisory Board member of the Certified Equity Professional Institute and a member of the National Association of Stock Plan Professionals. She is a Certified Public Accountant in California.