Let’s close the pay equity gap! Here’s a radical but simple hiring idea to help do so 💡
Give people the best possible offer you can and then don’t allow negotiating. Why?
Statistically, women and people of color don’t negotiate as much. That means white men will most likely continue to extend their pay above others if negotiating is allowed.
Giving your best offer upfront also speeds up the hiring process.
How? Use the many public or paid data sources about compensation benchmarks, decide what your company’s hiring comp strategy is, and then give the best you got to the candidate.
This is what Zingtree does, and I love it. P.S. We’re hiring 😊