Solving the gender pay gap
How should a company address unequal pay? For former Netflix CTO and author Patty McCord the answer is easy: give women a raise.
McCord joined Salon’s Alison Stewart on “Salon Talks” to discuss her new book “Powerful: Building a Culture of Freedom and Responsibility,” which highlights guiding principles for building a high-performing workplace culture. Distilling lessons from her 14 years as Netflix’s chief talent officer, McCord offers business advice, including how to level wage inequality and build a more inclusive company culture, especially amidst the #MeToo movement.
“Write some checks,” McCord responded when asked about how to address the wage inequality. In the end, the numbers will balance out, she says. Many male leaders don’t want to have the conversation because that would mean admitting weakness. McCord shared this story. “I had one CEO tell me one time that ‘Oh I couldn’t do that my lawyers wouldn’t like it.’ And I’m like ‘why who’s gonna sue you because you gave them a raise?’ And he goes, ‘Well they’d know I was wrong.’”Watch the video above to hear McCord’s analysis on why the gender pay gay remains one of the biggest issues facing human resources departments. Tune into SalonTV's live shows, "Salon Talks" and "Salon Stage", daily at noon ET / 9 a.m. PT and 4 p.m. ET / 1 p.m. PT, streaming live on Salon, Facebook and Periscope.