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Get Pay Right
book

Get Pay Right

by Kent Plunkett, Heather Bussing
July 2024
Intermediate to advanced
192 pages
4h 11m
English
SHRM - Kogan Page
Content preview from Get Pay Right

7. Creating a Pay Equity Practice

The key to maintaining pay equity is regular monitoring and advance planning. Monitoring involves keeping your job descriptions, job, and people data up to date and regularly performing a pay equity analysis. You should assess pay equity at least once a quarter and any time there are significant changes in headcount, usually from mergers and acquisitions, layoffs, or pivots involving lots of hiring.

When you know changes in headcount are coming, plan your pay equity audit and budget in advance to close any pay gaps. Then let people know you are doing it. It demonstrates that equity is important to the organization and that you are walking your talk.

Seven Steps to Get Started with a Pay Equity Program

To start ...

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Publisher Resources

ISBN: 9781586446680