One of the greatest sources of compensation inequity is that question every candidate dreads: What are you making now? It’s a really common practice, and it compounds a lot of biases. If someone is not a great negotiator, for example, or took a lower salary to work in the nonprofit sector, they’re set up to under-earn for their whole career. The truth is, the last job is history, and compensation should be based on the future: how substantial do you expect the employee’s contributions to the company to be. Underrepresented groups are significantly more affected by this question, which just compounds any compensation disparity within organizations.
Content: Quotation
Author: Bethanye McKinney Blount
Source: First Round Review
Subjects: Compensation, Human Resources
Author: Bethanye McKinney Blount
Source: First Round Review
Subjects: Compensation, Human Resources
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