Ideagen Global - Catalyze Magazine - April 2023
With Ideagen's extensive member network and influential platform, Catalyze Magazine serves as an aggregate for all the content, events, articles, and collaboration that we do. It is a monthly magazine where you will find transcriptions from Ideagen events, content, articles, and information surrounding how we are completing our mission. With this magazine, we want to highlight the nature of cross-sector collaboration and how we infuse it into our daily mission on a global scale. Ideagen's monthly Catalyze Magazine is back in 2023 with our April edition. Inside, view conversations we found impactful so far this year! This months covers features speakers: Kim Smith, Chetna Singh, Peggy Pelonis, Angelos Pangratis, Esteban Olivares, Gautam Mukunda, and Dave Grimaldi!
With Ideagen's extensive member network and influential platform, Catalyze Magazine serves as an aggregate for all the content, events, articles, and collaboration that we do. It is a monthly magazine where you will find transcriptions from Ideagen events, content, articles, and information surrounding how we are completing our mission. With this magazine, we want to highlight the nature of cross-sector collaboration and how we infuse it into our daily mission on a global scale.
Ideagen's monthly Catalyze Magazine is back in 2023 with our April edition. Inside, view conversations we found impactful so far this year!
This months covers features speakers: Kim Smith, Chetna Singh, Peggy Pelonis, Angelos Pangratis, Esteban Olivares, Gautam Mukunda, and Dave Grimaldi!
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DEFINING FAIR PAY AT SAP<br />
CHETNA SINGH: HEAD OF GLOBAL<br />
TOTAL REWARDS<br />
SAP<br />
George Sifakis: Could you kindly describe to the<br />
millions of people watching this interview what fair pay<br />
is and why it has been implemented at SAP?<br />
Chetna Singh: Absolutely! Thank you, George, for bringing such an important topic to our<br />
discussion. So let me start with fair pay, how you visualize it, and how you make it work. I will<br />
give you a very simple way of visualizing it. Imagine two stacks. The first stack is the foundational<br />
stack, which is about setting up objective and transparent compensation systems regardless of age,<br />
gender, ethnicity, culture, sexual orientation, identity, or work-life situation. That's the first layer.<br />
The second layer is all about aligning reward outcomes to individual impact and contribution.<br />
When you combine this together, that's fair pay. Fair pay is not about paying everybody the same,<br />
and many times I think that's how people get a little confused, but if you imagine these two layers,<br />
that's how we make it work in SAP. That's fair pay.<br />
Why has it been implemented in SAP? It's super simple. It creates a culture of inclusion and equity,<br />
it's how your customers or investors make their decisions, and it's also all about making us an<br />
employer of choice for our employees and external talent. It's all about what an organization stands<br />
for, and to me, if the foundation is weak, you can't build a stronger house. This is why it's so<br />
crucial for us at SAP.<br />
CATALYZE MAGAZINE | 4
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