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A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits?

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Today is Equal Pay Day: Can HR Technology Help Close the Gender Pay Gap?

SumTotal

For example, HR can play a role in articulating and initiating policies in recruitment, compensation and other functional areas to ensure equal roles receive equal pay, anti-discrimination and increase diversity in terms of fair representation of different groups of people.”. Technology has a part to play also.

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OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Significant amendments relate to the scope of required employee level compensation data, factors used to determine pay, and documentation that help explain factors and reasoning used to determine compensation. Carry out a pay equity audit and bring your compensation structures up to date now.

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Ask Visier: How Do You Determine if Your Organization Pays Equitably?

Visier

Providing equal pay is a primary concern for organizations and employees alike, especially when faced with knowledge such as: The pay gap between underrepresented groups and white employees could take more than 25 years to close Between 2017-2020, the gender pay gap narrowed by 6 cents. Why is it challenging to determine pay equity?

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How to structure employee compensation

Workable

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Compensation structures create a fairer and more predictable process for determining an individual’s compensation.

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