Search results
Feb 26, 2018 · General. First and foremost, fair and equitable salary administration is predicated on having accurate salary ranges that reflect the reality of the relevant outside labor market over a given period of time which is typically for a budget year. Without such salary ranges, effective administration of salaries is very difficult to attain.
Feb 21, 2020 · Why should pay equity matter to employers? “By ensuring employees are paid equitably, employers can increase efficiency, creativity and productivity by helping to attract the best employees ...
- 1800 Duke Street, Alexandria, 22314
- (800) 283-7476
People also ask
What is equitable compensation?
Why do lawyers say 'equitable compensation' instead of 'accounting'?
What happens if employee compensation is not fair or equitable?
What is 'compensation' in equity?
equitable compensation: the remedy by which equity awarded a money sum to a claimant, similar in some respects to damages at common law.
This is where tools such as payroll software or compensation management software can help as they capture compensation data internally as well as provide wider-industry data. 5. Define comparable groups. Group employees into comparable categories based on factors such as job title, department, level of responsibility, experience, and performance.
- Traditional ‘Accounting’ Remedy
- Linguistic Developments: ‘Equitable compensation’
- Final Remarks
For at least three centuries, courts would order an ‘accounting’ remedy for breaches of trust. Although we need only focus on the first, it’s worth recognising that there were three types of ‘accounting’ remedy; (i) an account of administration in common form, (ii) an account on the basis of wilful default and (iii) an account of profits. If Bianca...
In the twentieth century, lawyers began speaking of ‘equitable compensation’ for breaches of trust instead of using the traditional ‘accounting’ language. Importantly, nobody suggested changing the legal principles that underlay the accounting remedy. This was a linguistic modernisation, nothing more. However, this is a dangerous development becaus...
In this article, we discussed the characteristically restorative nature of the ‘accounting’ remedy. We saw how, over time, that remedy became known as ‘equitable compensation’. Next, we considered two difficulties with that phrase. First, there is the misleading implication that, in the event of a breach of trust, a secondary duty will oblige a tru...
Pay Equity Definition. Pay equity, also referred to as equal pay for equal work or pay equality, is a comprehensive concept that encompasses the principle of ensuring that employees receive fair and equitable compensation for performing similar work, regardless of their gender, race, age, or any other characteristic that should not impact their ...
Be explicit with community members. Prior to any engagement, organizations should clearly define and communicate engagement activities, compensation rates, roles and responsibilities, other reimbursable in-kind supports, and procedures community members need to follow to receive payment. Organizations can develop a one-pager that shares ...
