Money. Money. Money.
It’s that one word which always has a ripple effect.
Is it tacky to talk about money? Nah. When it’s about gender pay gaps best to get comfortable with the uncomfortable questions of pay equity.
I can most assuredly tell you there is a science to determining pay. I’ve learnt from compensation experts that salary is calculated by a mix of skill sets, experience, title, level, location and industry. “Total compensation” is when base salary is combined with the value of any and all financial benefits provided by the employer.
Thus, determining a starting salary has nothing to do with either one’s salary history nor one’s current pay.
Read the full article on Medium.