The Shift in Tech Compensation Strategies: Addressing Gender Pay Gaps and Essential Benefits

Sunday, 14 July 2024, 09:45

Tech compensation strategies are evolving to cater to the needs of tech talent. Key insights from the ANSR and Talent500 survey highlight disparities in pay and the growing importance of well-being benefits. Desired perks such as flexible schedules, childcare support, and bonuses play a crucial role in retaining top talent. Companies are exploring innovative approaches like RSUs, on-site amenities, and healthy cafeterias to enhance employee satisfaction and retention.

Economictimes — The Shift in Tech Compensation Strategies: Addressing Gender Pay Gaps and Essential Benefits

The Changing Landscape of Tech Compensation

Tech compensation strategies are undergoing a transformation to meet the evolving needs of the workforce.

Insights from ANSR and Talent500 Survey

Key Findings: 65% gender pay gap, 56% pay disparities
Well-being Benefits: 83% of tech employees prioritize well-being benefits
Desired Perks: Flexible schedules, childcare, financial planning, bonuses, RSUs, on-site gyms, healthy cafeterias
Challenges: 41% lack bonuses

The Role of GCCs

Offerings: Flexible work arrangements, career pathing, health insurance, international work opportunities
Programs: Return-to-work programmes for better employee engagement

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.