How Employers Can Ensure They're Paying All Employees Fairly
Summary
Employers must ensure pay equity by compensating employees fairly, regardless of gender, race, or other factors. Pay transparency laws now require companies to discuss compensation openly. To achieve pay equity, businesses should audit pay gaps using factors like skills, effort, and responsibility, comparing similar roles. Employers should also identify and justify any disparities to avoid legal risks and foster a fair workplace. Regular pay audits, especially in companies with over 100 employees, help ensure fair compensation and improve organizational harmony.
Kiplinger
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