DE&I

Mind the gap

Even as women make representation gains in the highest echelons of corporate America, the wage gap in the C-suite is not so different from the US overall, according to a recent analysis published by financial services firm Morningstar.

In 2022, women holding the “senior-most executive roles,” including titles such as CEO, CFO, and CHRO, earned 85 cents for every dollar earned by their male counterparts. As of 2022, full-time female workers overall were paid 84 cents on the dollar relative to men.

This gap is driven by “gendered division of labor,” as women remain underrepresented in the senior-most executive roles, Jackie Cook, Morningstar’s director of stewardship, product strategy, and development, told HR Brew.

Female representation lags in highest-paying roles. Cook has been researching gender pay disparities among “named executive officers” (NEO)—that is, the five highest-paid officers in a company—since 2019. Her research draws on Morningstar data, and looks specifically at S&P 500 companies. The most recent data shows more women hold NEO positions today than they did a decade ago. But not all NEO positions are created equal.

Keep reading here.—CV

PRESENTED BY CAREERBUILDER

Build your dream team

The last few years have been far from predictable for HR managers. And with smaller pools of qualified candidates, economic uncertainty, and fewer open roles to fill, teams are scrambling to do more with less.

Fear not, HR leaders: You can still build your dream team, even in an unsteady market. We teamed up with CareerBuilder to dig into the challenges recruiters are facing—and how to overcome them.

We explored:

• the state of the hiring pool
• hiring (+ retaining!) cream-of-the-crop candidates
• managing candidate expectations
• how HR teams can prioritize

Get the full scoop here.

RECRUITMENT & RETENTION

Recognition = retention

Employees want to be acknowledged for their hard work, but their leaders aren’t providing them with the recognition they crave, research suggests.

Some 28% of US workers say they “rarely or never” receive praise for their work from managers, and 33% say they are “only sometimes” recognized, according to recent data from TalentLMS, a learning management system. These findings are aligned with 2022 research from Gallup and Workhuman, which found that 81% of company leaders said “recognition is not a major strategic priority for their organization.”

If employers want to retain their talent, they may have to step up and offer recognition when deserved: 78% of US employees surveyed by Reward Gateway, an employee engagement platform, with Edenred, a payments firm, said recognition would make them more likely to stay at an employer, and 76% said it would motivate them to work harder.

Not sure where to begin? No worries, your employees may have a few ideas.

Keep reading here.—AS

RECRUITMENT & RETENTION

L&D 101

Welcome to HR 101. Class is now in session. Today’s discussion will focus on the evolution of corporate learning and development (L&D).

The history. According to Forbes, L&D has centuries-old roots in apprenticeship programs. But it wasn’t until 1872, when Hoe and Company, a printing-press maker, opened a school to train its employees, that it started to become formalized.

Over the next few decades, employers would create various methods of workplace training, like the “Show, Tell, Do, and Check” method developed by Charles R. Allen in 1917 for shipyard workers. In 1942, the nonprofit Association for Talent Development (then known as the American Society for Training Directors) was founded to support employers in training their employees.

The 1960s saw the birth of corporate universities—like McDonald’s Hamburger University—and the creation of instructional design programs, teaching those in the programs to create L&D materials. With the 1980s and 1990s, came the introduction of e-learning, and in the 2000s, the explosion of smartphones allowed HR to provide their employees with corporate learning at their fingertips.

Keep reading here.—AS

TOGETHER WITH SELECTSOFTWARE REVIEWS

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WORK PERKS

VIRTUAL EVENT

Less is more

People management can be overwhelming, and there is always new software promising a new and improved approach for HR professionals. Join HR Brew for a virtual event this Thursday to learn how to drown out the noise, make sense of what’s worth the investment, and keep people at the center of decisions. Register now!

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