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A 1% to 1.5% jump (from roughly 3% to roughly 4.5%) is a huge increase and for most companies represents hundreds of millions of dollars.”

The new threshold began on Jan. 1, 2020, and remains effective today.

The act is divided into two main sections: Section 1 makes it illegal to form conspiracies that restrain trade, while Section 2 targets monopolization.)

Right now, over 1 in 4 American employees are covered by pay transparency laws, a trend we expect to see continue.

Friction 1: Individual Contributor Career Stream Labeling Is Divisive Career stream segmentation, particularly within individual contributor tracks, often unintentionally creates a hierarchy of perceived value.

This article shares three key review areas toward embracing a fresh, more effective approach to sourcing, attracting, engaging and developing employees. 1.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Equitable and Diverse Workplaces; ;Employee Compensation; ;Organizational Performance; ;People Analytics; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.