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OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Key updates to OFCCP scheduling letter The changes detail how OFCCP will evaluate compliance and how employers can demonstrate they have carried out a detailed pay equity analysis. The compliance review may progress in three phases depending on the agency, which can include a desk audit, an on-site review, and an off-site analysis.

COMPAS 130
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Compensation and Benefits

Analytics in HR

This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Every new hire should receive a clear report of their compensation package and know who to contact if they have any questions. Conduct a pay equity analysis each year to pinpoint any disparities.

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“5 Things We Need To Do To Close The Gender Wage Gap”, with John Schwarz CEO of Visier

Thrive Global

If there is a clear difference in scale or compa ratios, then it is clear there is a bias. When I started college in Canada, I had to use computers to do analysis on data in my chemistry class. My first developer role was managing a payroll system in an insurance company that employed people in 54 different countries.

Visier 36
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How to structure employee compensation

Workable

Conduct job analysis and job evaluation. As a first step, conduct a: Job analysis. For example, paying higher salaries than the market can result in hiring the best candidates and retaining your best employees. Recruiter with salary of $50,000. How to set up a pay structure. HR Manager with salary of $60,000.

COMPAS 86
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Are Your Compensation Policies Helping or Hurting You?

Visier

Pay traditionally gets negotiated once at hire and any merit increases are thereafter distributed according to broadly applied policies. Attrition on its own is expensive once you factor in recruiting, lost productivity, and training costs. The consequences of not knowing can be expensive and destabilizing. How Bad Can it Be?

COMPAS 30