So How Do You Design a Fair Compensation System?
With all of the recent attention to discrimination in compensation systems, you may be wondering how companies should set up a compensation system that is fair AND effective. This report provides suggestions as to what some of the key barriers to fair compensation are, what some suggested best practices are, and concludes with some useful case summaries. Although
the focus of this report is not on legal issues, some of the ideas and concepts should be helpful in shielding a company from discrimination problems as well. The report also offers some useful resources, including EEOC and DOL documents for determining whether there is pay discrimination.
Concern about pay fairness is likely to be an issue for quite some time, given the spate of recent class action lawsuits and organizations should be sure to analyze their compensation systems carefully.
