Fair Pay Workplace (FPW) has announced the first six companies that have been certified for achieving pay parity and paying their employees fairly.
The inaugural list of companies to achieve Fair Pay Workplace certification include American Airlines, Anthem, Databricks, NerdWallet, Sellen Construction and University of California Irvine (UCI).
“Pay equity is measurable and calculable; and simply checking a box and claiming its achievement is no longer acceptable to employees, shareholders and other stakeholders,” stated Heidi Durham, Executive Director of Fair Pay Workplace. “These companies that have been awarded certification are leading the way in ensuring equal pay for equal work throughout their organisations. They have demonstrated their commitment to working toward pay equity through ongoing analyses and are working in partnership with FPW to drive the achievement of their tailored action plans. Their employees and stakeholders should be proud.”
All six companies went through a rigorous evaluation of their data and practices via a transparent set of rules and standards; and have committed to following a tailored action plan building upon their fair pay practices, confirmed FPW.
PAY EQUITY JOURNEY
“We are tremendously proud to achieve Fair Pay Workplace certification; but to be clear, this is not the end of our pay-equity journey,” stated Cole Brown, Chief People Officer of American Airlines. “We are committed to maintaining pay equity through our policies and regular reviews of compensation. These reviews are specifically for our management and support staff team; as our frontline team members’ pay is organically aligned through collective-bargaining agreements. At American, our purpose is to care for people on life’s journey.
“Our work as an airline makes the world a smaller, more inclusive place; and our strength lies in having a team that represents the diverse communities and customers we serve. One of the best ways to care for our team is to be a leader in diversity, equity and inclusion; and pay equity is a cornerstone of this work.”
FAIR PAY MATTERS
Commenting on receiving the FPW certification, Anthem’s President and CEO Gail K Boudreaux, said: “Fair pay is not only the right thing to do; it is critical to our ability to provide rewarding and fulfilling careers to transform whole health, simplify healthcare, and have a deeper impact in our communities, where our associates live and work. Anthem is committed to diversity and inclusion and to building a more equitable world. It is incumbent upon us to lead, starting with fair pay for our own associates. As the trusted symbol of pay equity around the world, the mission of Fair Pay Workplace resonates deeply with Anthem.”
Ali Ghodsi, CEO and Co-Founder of Databricks, was “honoured to be recognised among the first Fair Pay Workplaces“, adding that “we all still have progress to make”. “I am immensely proud of team Databricks and the work being done to build an equitable, inclusive culture where innovation flourishes,” said Ghodsi. “At Databricks, transparency, inclusivity and the power of data are at the heart of everything we do.”
SERIOUS ABOUT PAY EQUITY
Lynee Luque, VP of People at NerdWallet also said she was “honoured to be amongst the first Fair Pay Workplace certified companies”. “At NerdWallet, we aspire to foster an inclusive culture that allows all our employees to grow their skills, contribute and thrive with the confidence of belonging,” Luque stated. “This effort gets us a step closer to our ongoing commitment to our employees; and keeps us accountable to ensure we always have best practices put in place.”
Getting “serious about pay equity” and “introducing rigorous third-party statistical measures is an important step forward for defining and testing what it looks like to have gender and racial pay equity,” highlighted Scott Redman, CEO of Sellen Construction. “Our commitment to diversity, equity, and inclusion has greater impact when pay decisions are tested and validated with an equity lens; and when that robust analysis is being applied in every job offer and promotion Sellen makes.”
“UCI has a reputation for being a thought leader and innovator in higher education human resources,” added Ramona Agrela, Chief Human Resources Officer and Vice Chancellor of UCI. “Being one of the first top 10 public universities to implement third-party verified fair pay practices is another example of how we strive to provide fair and equitable treatment to all our co-workers.”
ADDRESSING INEQUALITY
Once-a-year, backroom analyses can be costly and time consuming; and most critically, fail to address the underlying causes of inequity, highlighted FPW. Corporate leaders are now looking beyond antiquated methodologies toward data-driven approaches that empower them to actively monitor discrepancies; communicate insightfully with employees; and work toward addressing the underlying causes of inequity within their organisation.
FPW is a 501c3 and 501c6 non-profit organisation on a mission to “dismantle pay disparities based on gender, race, and their intersection to create sustained fair pay in the workplace”. It is also a membership organisation and voice of pay equity for employers and employees. Its certification recognises organisations dedicated to true and ongoing pay equity; using a set of rules and standards defined by an alliance of experts from forward-thinking corporations, academia, human resources, data science, DE&I and the legal field. For the analysis, FPW utilises Syndio’s PayEQ software to perform its analysis. Syndio is an Equity Tech company and FPW’s technology partner.
PAY EQUITY SOLUTIONS
Earlier this year, compensation management platform Salary.com launched its Pay Equity Reporting Toolkit, as reported. Additionally, this summer XpertHR & Gapsquare announced that they have joined forces to provide ‘advanced’ pay equity solutions.
Did you know pay equity and transparency are key to attracting younger generations like Gen Z? Click here to read more.
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