As we discussed yesterday, part of the federal government’s plan to achieve pay equality for men and women involves the collection of compensation data from federal contractors.
Category Archives: Compensation Administration
Establishing an effective compensation administration program requires job analysis, job evaluation, and job pricing. A successful program will help attract top talent, retain core employees, and encourage longevity while efficiently using financial resources. Our articles and tips on Compensation Administration will provide you with How to information on compensation challenges including software, payroll, tax, and communication.
In his 2015 State of the Union speech, President Obama pressed Congress to “pass a law that makes sure a woman is paid the same as a man for doing the same work.” Although the president’s plea for the passage of stronger pay discrimination laws is unlikely to sway the Republican-controlled House and Senate, the federal enforcement agencies have been working behind the scenes to bolster existing laws.
Yesterday, we looked at tips from BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR, on aging your salary data. Today, McKnight’s insights on figuring out your market position—are you leading, lagging, or lead-lagging?
In yesterday’s Advisor, attorney Ted Boehm explained the rules governing deductions in pay for nonexempt employees (and how to avoid the pitfalls); today, he presents the facts regarding deductions and exempt workers.
In yesterday’s Advisor, consultant John Rubino described total reward statements and what employers should include in them to maximize their effectiveness; today, Rubino’s thoughts on how to communicate these statements to employees.