Posts Tagged ‘Triangle of Trust’
Localizing Compensation and Pay Equity Audits
Facebook recently announced that employees who expect to work from home for the long term will receive localized pay adjustments based on where they choose to live, according to reporting from USA Today. TechCrunch added these additional details from Facebook CEO Mark Zuckerberg: “We’ll localize everybody’s comp on January 1,” Zuckerberg said. “They can do…
Read MoreEqual Pay Audits Should Include Consideration of Equity-Based Pay
Too often, when business executives consider pay equity, they think about two factors: base compensation (e.g., salary) and rewards-based compensation (e.g., bonuses). A recent study entitled “The Road to Inequity is Paved with Good Intentions: Examining the Gender Pay Gap in Equity Awards” by Felice B. Klein, et al. (Academy of Management, Annual Meeting Proceedings),…
Read MoreDespite COVID-19, Pay Equity Continues to be a Priority
Undeniably, it is a very sensitive time for employers across the U.S. dealing with the economic implications ofCOVID-19.However, a recent order from the Central District Court of California serves as a reminder that employers should continue to focus their efforts on pay equity compliance. In May of 2019, Yunghui Chen, a former auditor for the…
Read MoreNew Jersey State Agency Encourages Pay Equity Audits
Last month, the New Jersey Division on Civil Rights released its guidance on enforcement of the Diane B. Allen Equal Pay Act (the “Allen Act”). The Allen Act represents a high watermark for state equal pay legislation. It contains numerous provisions designed to promote pay equity, including expanded remedies for victims of pay discrimination, limiting…
Read MorePay Equity is Still a Top Concern for OFCCP Despite Pandemic
While U.S. companies continue to grapple with issues posed by the Covid-19 pandemic,pay equity issues should not be put on the backburner. On March 16, 2020, the United States Department of Labor announced the resolution of a pay equity claim brought by the Office of Federal Contract Compliance Programs (“OFCCP”) against Cisco Systems, Inc. The…
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