Achieving Pay Equality

The video discusses the gender pay gap in the tech sector, highlighting that women earn about 82% of what men make. It explores Credit Karma's implementation of a rule-based pay system to address pay inequity, which led to reduced attrition and increased fairness. The video also covers how experience is compensated through a job framework and the importance of transparency in pay. Finally, it examines the positive business impacts of these changes, including improved talent retention and company performance.

What is the current percentage of what women earn compared to men in most jobs?

• 75%

• 82%

• 90%

• 95%

What was the attrition rate at Credit Karma before the pay system changes?

• 40%

• 30%

• 20%

• 50%

What system did Credit Karma implement to ensure pay fairness?

• Performance-based pay

• Rule-based pay

• Experience-based pay

• Market-driven pay

How often does Credit Karma conduct promotions to recognize employee contributions?

• Twice a year

• Once a year

• Three times a year

• Four times a year

What is a key factor in making employees feel they are paid equitably?

• High salaries

• Flexible work hours

• Frequent bonuses

• Transparency

Why is it important for employees to discuss their pay with each other?

• To increase competition

• To ensure fairness and check corporate practices

• To demand higher salaries

• To compare with industry standards

What was one of the positive outcomes for Credit Karma after implementing the new pay system?

• Higher recruitment costs

• Increased employee turnover

• Decreased offer acceptance rate

• Record quarters in 2021 and 2022