PIVOT: How and Why Small Business Can Close the Gender Pay Gap with Tracy Cote, TriNet

Fair pay is a complex topic. Along with the long-standing issue of pay inequity for women and people of color, small businesses are grappling with how people should be compensated based on geography, experience, and market rate. So what practices should small businesses be putting in place to ensure every employee is compensated fairly? 

On this episode of the People Ops Podcast, you’ll hear from Tracy Cote, Chief People Officer at TriNet. With 20 years of experience in HR and people leadership roles under her belt, Tracy has built a lot of compensation programs and witnessed a lot of missed opportunities throughout her career. She joins to share how to create a compensation structure that’s fair and consistent, as well as objective standards for evaluating performance for merit raises.

 On this episode, you’ll hear:

• The most common misstep businesses make when it comes to determining salaries
• Compensation practices that contribute to pay inequality for women and people of color and how to overcome them
• How to get objective and correct information for market compensation rates
• Creating a compensation structure that’s fair and consistent
• How to think about compensation when employees are living in geographies with differing costs of living
• Creating a tiered system that dictates what people pay for benefits based on their income

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