It is no secret that the frequency of judgements in favor of claimants and the size of the awards for cases filed by the US Equal Employment Opportunity Commission, have been increasing steadily. New employment laws, increased liability and more competitive job markets are rapidly changing the compensation landscape – and employers must adapt.
In the midst of these shifts, companies must not only pay attention to fast changing laws but also how they impact their bottom line. This requires a comprehensive understanding of compensation planning with the ability to manage compensation budgets more wisely to encourage peak performance from valuable HR assets through fair pay structures.
This paper will offer a step by step breakdown of what needs to be done to stay ahead of the compensation compliance changes and develop a system that by the very nature of its sequence gives rise to an internally equitable, externally competitive and all-round convenient base pay management program.
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