Searching Workplace Equity on page 38

California The Pay Transparency for Pay Equity Act requires employers with 15 or more employees to include pay scale or hourly wage ranges in job postings.

Building the Right Compensation Package In addition to the standard salary and performance bonuses, Canavan said the building blocks should be: retention incentives, which organizations can address through real or “phantom equity” (a type of compensation award that references equity, but does not entitle the recipient to actual ownership in a company); a long-term cash bonus plan; or split-dollar life plan, which allows the sharing of the cost of a premium for a permanent life insurance policy.

This combination of distress at both the organizational and individual employee levels is accelerating changes in the workplace.

“We’re committed to keeping an open, honest, and inclusive workplace for all of our employees, and we’re saddened that any employee would think otherwise.”

In addition, employees and job candidates may put a price tag on workplace flexibility.

Save Reuse Permission Pay equity has been a significant focus for employees, employers and state and federal enforcement agencies for the past five to six years.

;Pay equity will come into play.

Ensure Bonuses are Equitable In some cases, bonuses can reinforce existing pay inequities , said Gail Greenfield, executive vice president of pay equity and total rewards strategy and solutions at Trusaic, a pay equity and regulatory compliance software company.

For firms that track equity at book value, external investment will effectively change equity tracking to market valuation.

“Instead of endlessly debating generational differences and stereotypes in the workplace,” Guillén said , “companies should embrace the concept of‘perennials.’