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What is Compensation Management?

Zenefits

Compensation management is the process of ensuring that an organization’s salaries and bonuses remain competitive, appropriate, and equitable. Wellness incentive programs, in particular, are having a major impact on employee compensation packages.” What is compensation management? So, it’s no longer just about the money.

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Oregon Passes Extension on Exemption for Certain Payments from the Equal Pay Act

Berkshire Associates

Oregon’s Equal Pay Act prohibits employers from discriminating between employees on the basis of a protected class in the payment of wages or other compensation for work of comparable character, unless the difference in pay can be attributed to one or more specific nondiscriminatory factors.

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How to Create an Effective Compensation Philosophy

Analytics in HR

The Lilly Ledbetter Fair Pay Act of 2009 is a law enacted by Congress that strengthened worker protections against discrimination in pay. Unfortunately, a flexible pay philosophy can also lead to perceptions of bias, inequity, unfairness, and even discrimination. Peer group comparisons. Tailored pay. Pay positioning strategy.

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4 Tips for Your Compensation Planning from the Banking Industry

HR Daily Advisor

“This can make a reverse discrimination situation for these executives, where they may actually have to retire on less income, in comparison to others in the organization. Tip #4: Different Generations, Different Incentives. Among the incentive programs BCC has created for bank clients is a deferred cash incentive.

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Pay transparency: the pros, the cons, and best practices

Workable

Zoë in her NBER paper discusses how transparency can lead comparisons with peers in a counterproductive way – if Jer learns that he’s making $10K less per year for the exact same role as Maria, he’s naturally not going to be happy. Prepare for how you’ll address worries about unfairness, competition, or potential discrimination.

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Tackling Unconscious Bias at Workplace

Keka HR Blog

The Employment Equality Act of 2010 guarantees that employees are safeguarded from discrimination in the workplace based on a list of protected characteristics, including gender, race, and sexual orientation. The usual causes include discrimination based on race, culture, gender, or age. Types of common unconscious bias .

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Colorado’s Equal Pay Act [7 Examples of New Language in Job Postings]

Ongig

” Here are a few highlights and requirements from Colorado’s Equal Pay Equal Work Act: the act offers protection for employees against sex-based pay discrimination for work that requires similar tasks or responsibilities. the law prohibits employers from asking about wage history or relying on wage history to determine pay rates.