what responsibilities and duties are required
So,
what is this audit? Essentially, it compares the
fitzonefitness.com pay of workers performing
“like for like” work and looking into reasons behind any pay gaps or
disparities that can’t be justified by factors such as experience, job
performance, tenure, or some other legit business reason.
Why
should you care about pay equity? Well, do you care about better efficiency,
productivity, and innovation? Because that’s a taste
happytechno.net of what you’re likely to
get if you do.
Establishes Standards
You’re
setting forth what responsibilities and duties are required for a job that pays
X amount when you create a job description. This sets consistent standards. If
a worker’s output falls short of a co-worker’s, you can point to that if a
demotion or termination is in order. If you paid that work equitably, he or she
won’t truly be able to blame inequitable treatment or lack of drive for their
subpar performance.
Creates Team Players
Internal
pay don’t want to hear, “Thomas makes more than I
do so if we collaborate, he’ll have to do most of the work.” If you’re fair
with your pay, your employees will better “play well with others.”
So, you
can see that ensuring internal and external pay equity is beneficial to you and
your employees. However, putting more of a premium on in-house fairness can
result in fewer lawsuits and a happier, more productive workplace.
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