Description
Gain a better understanding of equity and fairness in total rewards.
With changes in the legal and societal landscape, equity and fairness in total rewards has become a critical conversation for human resource professionals. In this presentation, we will discuss the current trends, new and incoming laws, and potential hotspots to consider. Additionally, participants will learn best practices and steps to conduct a pay equity analysis for their organization.
Date: 2023-07-24 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to define equity and fairness in total rewards.
* You will be able to identify the impacts of pay equity and transparency laws.
* You will be able to recognize best practices when conducting an audit or review.
* You will be able to review best practices and steps to conduct a pay equity analysis for your organization.
The Span of Total Rewards and Potential Equity Hotspots
• Compensation Philosophy, Design, and Administration
• Benefits Programs
• Recognition Plans
Current Trends
• Shifts in the Labor Market and Wage Compression
• Changes in Awareness of Pay Levels and Fairness
• Desire for Career Architecture and Pathways
• Wider Geographic Viewpoint for Talent
Impact of Pay Equity and Transparency Laws
• Span of Current and Future Legislation
• Reporting Requirements
• Availability of Data
• Employee Engagement and Retention
Approaches to Measuring Pay Equity
• Best Practices When Conducting an Audit or Review
• Key Variables and Approaches to Measure Pay Equity
• Core Metrics to Monitor on a Regular Basis
• Additional Analysis to Consider
Communicating Pay in a New Environment
• From a Black Box to an Open Conversation
• Maturity Curve of Transparency and Equity
ASA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Jennifer Hassrick-Korn Ferry
