Remove Bonuses and Incentives Remove Comparison Remove Discrimination
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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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The Compehensive Dictionary of HR Terms To Know [In 2024]

Analytics in HR

It includes overtime pay , bonuses, sick leave payments, tips, commissions, and anything else paid in addition to someone’s regular earnings. Ageism Ageism in the workplace refers to employee discrimination based on age. ” 10. ” Learn more Compensation and Benefits Digital HR terms 11. ” 20. ” 21.

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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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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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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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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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Salaries for Human Resources: Navigating Compensation in 2024

Heyyy HR!

This post is all about salary trends for human resources professionals in comparison to other career fields. Internal pay equity is about ensuring employees are compensated fairly and equitably based on their contributions to the organization, without discrimination based on personal characteristics such as gender, race, or age.