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Legislation such as banning inquiries about candidates’ salary histories and requiring pay ranges in job advertising is forcing employers to become more intentional about their compensation plans. These new laws are designed to shrink the existing pay gap between male and female employees and to prevent disparate impact on candidates who belong to protected classes. […]
Setting formal pay ranges is one way organizations create fair pay structures that also motivate employees. These types of structures can provide a basis for employees to move between levels, and can create internal consistency in how employees are paid. That said, they can also come with plenty of questions when you’re just getting started. […]
How can you make smart decisions on pay budgets, merit budgets, and overall compensation given the economic turmoil of the last few years? Consultant David Wudyka tells us what’s going on and what we can do about it. Wudyka is founder and managing principal of Westminster Associates, a Wrentham, MA based, full-service HR and compensation […]