This 90-minute training on managing discrimination litigation risks will provide a comprehensive primer on reviewing compensation systems for internal equity and discuss why, in light of recent legal and regulatory changes, employers should be performing compensation reviews.
The compensation review is a valuable tool in the employer's risk management arsenal, yet few organizations put this tool to use. In light of the new regulatory environment, and the additional changes coming in the next 12 to 24 months, employers can no longer afford to ignore this important tool.
In this presentation, we will provide a comprehensive primer on reviewing compensation systems for internal equity and discuss why, in light of recent legal and regulatory changes, employers should be performing compensation reviews.
Why Should You Attend:
The last two years have brought major changes in the legal and regulatory environment regarding compensation discrimination, and there are even more changes on the horizon. These changes encompass both individual claims and claims of systemic discrimination, and affect the policies and procedures employers need to have in place to combat discrimination.The compensation review is a valuable tool in the employer's risk management arsenal, yet few organizations put this tool to use. In light of the new regulatory environment, and the additional changes coming in the next 12 to 24 months, employers can no longer afford to ignore this important tool.
In this presentation, we will provide a comprehensive primer on reviewing compensation systems for internal equity and discuss why, in light of recent legal and regulatory changes, employers should be performing compensation reviews.
Learning Objectives:
- Understand the regulatory changes affecting compensation and what policies and procedures every organization should have in place to ensure compliance.
- Understand the stages of a compensation review.
- Learn how to critically evaluate the results of a statistical review of compensation.
- Understand how to apply the analysis inferences to business processes.
- Learn how to assess internal processes for compensation data collection and document creation and retention.
Areas Covered in the Seminar:
- Recent changes in compensation regulation
- Proposed changes in compensation regulation
- Compensation challenges presented by the evolving regulatory environment.
- The importance of involving legal counsel in the compensation review process.
- Identification of the goals of the compensation review.
- Planning the compensation review.
- Types of pay that can be studied via a compensation review.
- Construction of similarly situated employee groupings.
- Identification of the determinants of compensation.
- Compensation data collection, assembly and cleaning.
- Common compensation data pitfalls.
- The use of multiple regression analysis to examine compensation for internal equity.
- Evaluation of analysis results in terms of statistical significance, practical significance, sample size and goodness of fit of the model.
- Follow up investigations of analysis results.
- Adjustment of compensation based on analysis results.
- The importance of compensation decision documentation.
- Free Handout:
Who Will Benefit:
- HR and compensation professionals
- CFOs
- EEO and Compliance Officers
- Any person with an interest in internal pay equity
Course Provider
Stephanie R Thomas,
