Whether you are making your first hire, or assessing if your employee’s salary is competitive, you may wonder whether the compensation, benefits, and non-monetary incentives of your roles are attracting the right talent. In this workshop, we’ll dive into proper classification of employees, paying competitively for your geographic region, and employee perception of fairness based on pay equity theories. You’ll leave this session with tools to avoid legal quagmires and know how to create an attractive compensation and benefits package that retains talented team members.
In this session, we will discuss
Why pay equity matters
Legal compliance (federal, state, and FL specific laws)
External equity
Cost of living and geographic location
Supply and demand (impact of COVID)
Internal equity
Pay across your organization
CEO to average worker ratio
When external and internal equity conflict
Compensation best practices
Plus a Q&A session at the end for all your compensation questions!