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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. Compensation managers are responsible for working with employment data and keeping up with complex benefits administration rules and regulations. Wellness incentive programs, in particular, are having a major impact on employee compensation packages.” Data access is another important feature to consider.

Updated List of Cities and States with a Salary History Ban

Zenefits

Pew Research reported that in 2018, women earned 85 cents to every man’s dollar, up 5% from Census Bureau data of 2017. Another reports that bonuses and other forms of incentive pay add to the problem. Last yeah, Zenefits produced an equal pay report based on original SMB data, which found that the gender wage gap in small businesses was 18% greater than the national average.