Pay equity in the energy industry
The Transforming for the Future podcast series features Mercer's consultants who are helping organizations stay ahead of the curve by embracing transformation, exploring new ways of working, and reinventing their employee experience. We'll discuss the most pressing issues facing leaders today and how to shape the future of work so that your business and people thrive.
Today Mercer’s Global Energy Leader, Milan Taylor interviews Lea Lonsted, Mercer’s pay equity leader for Europe and the UK about the DEI and pay equity challenges energy organizations are addressing today. And why DEI should be a priority for energies companies right now?
"While pay equity numbers are valuable in their own right, they actually can drive an immense amount of insight to help guide, change and evolve people strategies and manage people risk."
"The transition from oil to renewables means a change in business focus as well as a change in employee skills required to succeed and a change in corporate culture."
"The energy industry will not be able to attract diverse talent if employees can’t see themselves represented at the highest levels of the organization."
"Females [in the energy industry when compared with other sectors] are less satisfied with their overall career and development opportunities and have a less favorable view of having a safe working space."