Kent Plunkett, CEO of Salary.com, on Tackling Pay Equity: What You Need to Know

Negotiate Anything

American Negotiation Institute

Education, Business, Self-improvement

4.7 • 748 Ratings

🗓️ 25 September 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Request A Customized Workshop For Your Company: https://www.americannegotiationinstitute.com/services/workshops/ In this episode, we sit down with Kent Plunkett, the CEO of Salary.com, to explore the pressing issue of pay equity. Kent shares insights on the key factors driving fair compensation, strategies for closing the wage gap, and the growing importance of pay transparency. Whether you’re an employer aiming for fairness or an employee seeking equitable pay, this episode is packed with actionable advice from one of the industry's top leaders. Discover what steps you can take to ensure pay equity in your organization and stay ahead of future compensation trends. What will be covered: Structural and demographic factors contributing to the gender wage gap. Kent Plunkett’s pay equity framework and its implementation. The impact of transparent communication on employee engagement and trust. Listeners will learn: Strategies for integrating pay equity into company policies and practices. The importance of using data in pay discussions to hold employers accountable. Effective negotiation tips to ask for additional benefits and improve long-term earnings. Connect with Kent Follow Kent on LinkedIn: https://www.linkedin.com/in/kent-plunkett-1a4600/ https://www.salary.com/ Contact ANI Request A Customized Workshop For Your Company: https://www.americannegotiationinstitute.com/services/workshops/ Follow Kwame Christian on LinkedIn: https://www.linkedin.com/in/kwamechristian/ The Ultimate Negotiation Guide: https://www.americannegotiationinstitute.com/guides/ultimate-negotiation-guide/ Click here to buy your copy of How To Have Difficult Conversations About Race!: https://www.amazon.com/Have-Difficult-Conversations-About-Race/dp/1637741308/ref=pd_%5B%E2%80%A6%5Df0bc9774-7975-448b-bde1-094cab455adb&pd_rd_i=1637741308&psc=1 Click here to buy your copy of Finding Confidence in Conflict: How to Negotiate Anything and Live Your Best Life!: https://www.amazon.com/Finding-Confidence-Conflict-Negotiate-Anything/dp/0578413736/ref=sr_1_1?crid=2PSW69L6ABTK&keywords=finding+confidence+in+conflict&qid=1667317257&qu=eyJxc2MiOiIwLjQyIiwicXNhIjoiMC4xNCIsInFzcCI6IjAuMjMifQ%3D%3D&sprefix=finding+confidence+in+conflic%2Caps%2C69&sr=8-1 What's in it for you? Exclusive Advice: Gain insights from top negotiation experts. Community Support: Connect with a like-minded community focused on growth. Personal & Professional Growth: Unlock strategies to enhance every aspect of your life. You deserve to negotiate more of the best things in life, and now you can! Don't wait—be the first in line to experience this game-changing resource. 🎁 Special Launch Offer: Subscribe today and get 50% off for the first year. That's just $10 a month or $100 for the year! 🔗 Visit negotiateanything.com to join today and secure your spot. Ensure you don't miss out on any updates or exclusive offers. Elevate your negotiation game with Negotiate Anything Premium—your future of successful negotiations starts now! 🚀

Transcript

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0:00.0	Pay equity is pay for comparable work that's internally equitable, externally competitive, and
0:06.1	transparently communicated. And that's the foundation of the Plunkett pay equity framework. And if you
0:11.5	think it through on those three key fronts, you'll be able to understand how you can take a pay
0:18.4	equity definition like that, lay it on top of basic market pricing work
0:22.6	that you do for your company already, figuring out how much you should pay for different
0:26.2	jobs, and take your whole compensation function up a level to fully achieve pay equity.
0:33.3	Hey, I'm Kwame Christian, and you are about to step into the world of Negotiate Anything,
0:38.5	the number one negotiation podcast in the world where we teach you how to make difficult conversations easier
0:44.2	while getting more of what you want in the process.
0:47.1	Each episode is packed with practical tips and strategies from the experts.
0:51.2	We delve into negotiation, conflict resolution, and leadership skills that
0:55.9	are crucial in both business and in life. Whether you're closing a deal, managing a team,
1:01.2	or navigating personal relationships, negotiate anything provides you with the tools you need to
1:06.7	succeed. Our conversations are real, relatable, and most importantly, rooted in practicality.
1:13.3	So if you're ready to transform your conversations and elevate your negotiation skills,
1:18.2	join me on Negotiate Anything. Subscribe and listen on Apple Podcasts, Spotify, or wherever you love
1:24.5	to listen. Let's make every conversation a winning negotiation.
1:30.8	Kent, thanks for joining us today. Thanks for having another show, Kwame.
1:35.3	It is our pleasure, my friend. So how good you get to start us by telling us a little bit about
1:39.6	yourself and what you do? Well, first of all, I want to shout out to you and to your audience
1:43.9	for putting the time and
1:45.4	energy into worthwhile topics and making sure that you're sharing the message with the world
	...

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