Simply put, a pay approach is the method an organization uses to deliver base pay to its employees. For example: job-based pay, market-based pay, knowledge/skill-based pay, and experience-based pay are all methods of pay delivery. Which one is the right one? Any of them can be a viable method, depending on the organization’s needs and […]
Tag: pay differentials
In this new article series, we will provide a refresher on the basics of the Fair Labor Standard Act’s (FLSA’s) requirements. In this article, we will review The Equal Pay Act (EPA), which amended the minimum wage provisions of the FLSA and is subject to enforcement under the FLSA.
The goal for a compensation program is to set a competitive wage range for a given position, and pay the people who perform that job within the salary range. Complications arise, though, when your workforce is spread from city to city, state to state, or country to country. How can you determine what is competitive pay if you have employees doing the same job in Manhattan and in Kansas City?