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First comes pay transparency. Next comes pay equity.

HR Brew

The surveys also indicate employers are starting to develop strategies to address pay equity, and in some cases are budgeting for raises to address compensation gaps within their workforces. But transparency can also reveal pay inequities within organizations, prompting questions for HR leaders. Most employers comply with pay transparency.

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Watch Out California Employers: SB 1162 On Track To Become Law

Trusaic

Still, SB 1162 requires employers to report median and mean hourly rates within each job category and for each combination of gender race/ethnicity, strengthening the DFEH’s ability to identify pay discrimination in employer compensation systems. .

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An SMB Employer’s Guide to Streamlining Open Enrollment

Extensis

Additionally, organizations can offer more personalized benefits packages during open enrollment, fostering employee well-being, helping workers better understand their total compensation, and aiding in talent attraction and retention.

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A Guide to Compensation Analysis

AIHR

Compensation analysis is vital to providing fair, equitable compensation. Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

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Compensation Analysis: The Definitive 2022 Guide

Decusoft

Conducting compensation analysis is a lengthy, necessary project. Companies will want to ensure that their compensation packages remain in alignment with the market — otherwise, they risk losing staff to other businesses that offer higher salaries. . What Is a Compensation Analysis?

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Payroll Management

Netchex HR Blog

Bonus pay is additional compensation provided to an employee. Differentiate types of pay Employers need to understand different types of pay and when they should be used for the best accuracy and compliance. Gross pay is the amount that employees receive before deductions. Net pay is the amount an employee takes home after deductions.

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How To Create Your Total Compensation Statement Template [FREE Download]

AIHR

What if a total compensation statement template could transform the way your organization communicates value to employees? A thoughtfully designed total compensation statement template gives employees a clear, comprehensive view of their rewards, helping you attract and retain top talent while promoting a culture of appreciation.