222. Understanding Global Salary Trends feat. Rameez Kaleem

In this episode, Traci Chernoff welcomes back Rameez Kaleem to discuss the critical topic of pay transparency. Together, Traci and Rameez explore what pay transparency means, its importance in fostering trust within organizations, and the current trends in salary increases amidst inflation. Rameez shares insights from the Global Salary Planning Report, where he highlights the challenges organizations face in maintaining pay equity and the necessity of establishing clear pay principles.On top of that, they also delve into the gender pay gap and the significance of salary ranges in promoting fairness and transparency in compensation practices.Chapters00:00 Introduction to Pay Transparency02:56 Understanding Pay Transparency06:02 Global Salary Trends and Inflation09:02 The Role of Pay Transparency in Organizations11:58 Establishing Pay Principles and Processes15:00 Addressing Pay Equity and Gender Pay Gap17:53 The Importance of Salary Ranges20:53 Challenges in Pay Transparency24:09 Conclusion and ResourcesAbout Our Guest: Rameez Kaleem is the founder and managing director at 3R Strategy, an independent reward consultancy dedicated to helping organizations build a culture of trust through pay transparency. He graduated in economics from University College in London and had various in-house reward consultancy roles before founding 3R Strategy. 3R Strategy supports organizations on their journey to pay transparency, covering rewards transparency, job evaluation and architecture, pay structure design, and equal pay.Connect with Rameez Kaleem here:Website: https://3r-strategy.com/Follow Rameez on LinkedIn: https://uk.linkedin.com/in/rameezkaleem Don't forget to rate, review, and subscribe! Plus, leave a comment if you're catching this episode on Spotify or YouTube.We hope you enjoyed this deep dive on Understanding Global Salary Trends. If you found our discussion insightful, we'd like you to take a moment to rate our podcast. Your feedback helps us grow and reach more listeners who are passionate about these topics. You can also leave a review and tell us what you loved or what you'd like to hear more of - we're all ears!Connect with Traci here: ⁠https://linktr.ee/HRTraci⁠Disclaimer: Thoughts, opinions, and statements made on this podcast are not a reflection of the thoughts, opinions, and statements of the Company by whom Traci Chernoff is actively employed.

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