White & Gale Consulting Inc.

Thank you to our panel of experts in today's information-packed webinar “How to Conduct a Pay Equity Analysis using Diversity Data“! The session started with an inspiring message and call to action from Katie Fitzmaurice of Invest Vancouver. Marina P Paronetto of Mercer provided an overview of our 2024 Diversity Dashboard results, highlighting mixed progress: while representation by women has increased, the persistent challenges in advancing diversity and achieving pay equity still exist. Compensation experts Annika Reinhardt (CCP®, GRP®, CSCP®) of Talent Collective and Hannah Wells of White & Gale Consulting Inc. provided us with practical advice on how to collect data to conduct pay equity analysis, and tools tech companies can use to report findings. They emphasized the need for organizations to start preparing for pay equity analysis today, to comply with future reporting requirements. It’s never too soon to start measuring diversity. Visit TAP Network’s free diversity benchmarking resources https://lnkd.in/gr2zfTXS to get started. Our 2024 Diversity Dashboard results for the tech sector in Canada were made possible thanks to the generous funding of sponsors SunLife and Invest Vancouver. The results were published earlier today and can be found here 🔗 https://lnkd.in/gx6uyE_U This session was facilitated by Stephanie Hollingshead and Rolanda Chen. #diversity #equity #compensationplanning #payequity #data #techsector

I attended the quarterly ERI Economic Research Institute quarterly compensation trends webinar today - they shared some great insight. ✔️ Compensation Growth Slowing: Compensation growth has significantly slowed in both the U.S. and Canada. U.S. quarterly growth fell to 0.6%, with annual growth projected to decline further in 2025. IT and sales sectors saw the largest drops, while healthcare and clerical roles remain more stable due to factors like minimum wage increases, especially in California. ✔️ Labor Market Trends: Despite slowing compensation, the U.S. labor market remains strong with unemployment at 4.2%. However, job openings and hires are down, hinting at a skills gap. Canada's unemployment rate is higher at 6.6%, reflecting weaker labor market conditions. ✔️ Inflation and Interest Rates: U.S. inflation has dropped to 2.5%, and the Federal Reserve has lowered interest rates to 4.83%. In Canada, inflation is at the 2% target, and interest rates have been cut aggressively to 4.3% to counter rising unemployment. ✔️ Sector-Specific and Regional Trends: Compensation growth has varied by sector and region - IT and sales have seen the most pronounced slowdowns. ✔️ Planning for 2025: Companies should monitor labor markets closely, particularly for entry-level roles where compensation is key for talent acquisition. Organizations are advised to re-benchmark positions to ensure internal and external equity, avoiding wage compression, especially in first-level management. White & Gale Consulting Inc.

🎉 I am thrilled to announce that Hannah Wells has been promoted to Vice President, Client Strategy & Consulting! 😁 In her new role, Hannah will be instrumental in leading White & Gale Consulting Inc.'s growth and enhancing our services for our private-sector clients. Over the last four years, Hannah has consistently shown exceptional leadership, a positive and creative client-focused approach, and unwavering dedication to our clients' success. Congratulations Hannah Wells on your promotion!

We are excited to announce that Victoria Florez has joined our growing team at White & Gale Consulting Inc.! Victoria has more than 15 years of experience in Total Rewards and Organizational Design. Her professional journey includes designing and managing compensation strategy, salary structures, short and long-term incentives, bonus programs, organizational structures, and consulting on job descriptions, job evaluation, and career paths in global, unionized, and non-union environments. She has led corporate transformation projects involving significant organizational structure changes, strategically positioning the company for growth and market adaptation. ⭐ Welcome to the team Victoria Florez!!! ⭐ #organizationaldesign #compensation #totalrewards #jobevaluation

Thanks Sean Luitjens & Visier Inc. for hosting me on your Total Rewarding Chat Series! We explore the topic of compensation as a service (or fractional compensation support) and the importance of setting up a compensation philosophy! Check it out ⤵ 🤓 💰 https://lnkd.in/gqKs8H5n

How BC’s Pay Transparency Act can take us beyond legislation and help foster healthier, more productive, and fair working environments while improving organizations’ overall performance. We hear from Caitlin Vdovine, CPA, CMA, senior consultant at White & Gale Consulting Inc.