On April 5, U.K. companies with 250 employees or more were required by law to reveal their
pay data. The goal: Narrow the gender wage gap.
In response, many people across the world have shared their personal experiences, data, and opinions regarding gender pay differences. An Inc.com columnist, Heather Wilde, wrote about being paid 60 percent less than her male colleagues at the same level. The 2016 U.S. Census revealed it takes a woman one year, three months, and 10 days to earn what her male peer earns in one year. I personally quit a job once over a $5,000 gender wage gap.
Now that we’re really talking about this, let’s solve the gender wage gap once and for all. I believe achieving equal pay for equal work is possible. It takes time and effort and it isn’t easy, but it is a solvable problem. Creating true equal pay requires two things:
- Commitment to a system that evaluates each individual relative to their peers.
- Fluidness within the system created.
Through decades of trial and error, I believe I’ve found a system that works. It’s achievable by teams both big and small. It’s likely to raise a few eyebrows, and that’s OK. Sometimes, doing the right thing is hard.
Read More