Integrating Pay Equity into Policies
Author: Gapsquare Editorial Team
If you’re like most people, you want to be compensated fairly for the work you do. You want your contributions to business success recognized, and you want the value you provide to be commensurate with your compensation.
Why then, would your employees or recruits expect any different for themselves? With recent laws and societal norms changing around how we address fair compensation, employees and candidates are becoming more selective and informed as to their career options.
One way to ensure that your company stays competitive is by Integrating Pay Equity into Policies. This guide will show you how to:
- Establish appropriate pay ranges according to job function, level, and skill,
- Reduce wage negotiation during hiring practices that can adversely impact organization-wide pay equity, and
- Promote professional development that is aligned to achievable salary benchmarks, aligning employee salary expectations to your company’s budget and goals.