Sessions
Concurrent Session
Setting Base Pay: Top Strategies for Collaborating with Compensation to Achieve Pay Equity from the Start
LVCC N201-204
Tuesday 06/25/2019 07:15 AM - 08:15 AM
1.00 SHRM PDCs
| Competencies: Consultation, HR Expertise, Relationship Management
| Intended Audience: Mid-Level
Workplace Application:
Use the right tools and terminology to have educated, thought-provoking, collaborative discussions with the people in your organization who are responsible for setting starting pay.
Given the continued focus on pay equity and the increase in related state and federal legislation, compliance and compensation practitioners need to collaborate when setting starting pay for new hires. Several states have enacted or proposed pay equity laws that strictly forbid a person’s prior salary to be a determining factor for setting base pay. Unfortunately, many employers are unaware of the nuances of these new laws and/or how to ensure that their own compensation practices are in compliance. Even employers who routinely monitor current compensation for internal pay equity may be putting themselves at risk for pay inequity when making starting pay decisions.
Learning Objectives:
- Learn about the impact of state pay equity legislation on compensation decisions.
- Learn methodologies for setting starting base salary.
- Learn to promote pay equity at all phases of the employee lifecycle.
