Searching Workplace Equity on page 46

And although the dilution of owner/investor equity must be considered when using stock programs, there is a major benefit to adopting some forms of equity program.

Finally, the widespread availability of pay information, combined with institutional demands that organizations conduct periodic pay equity audits, also places greater pressure on firms to communicate pay structures, ranges, practices, and opportunities as a means to improve pay equity.

When developing a proactive counteroffer strategy, the business may consider the following, among other items: mission critical roles,;high-performers or high-potential employees,;salary or range penetration thresholds,;employees with poor (low) internal equity considerations, and;when the employee can be transferred to another team or project.; Developing a set of criteria that considers when a counteroffer is justified will create a more consistent and fair process for counteroffers.

Some of the most common benefits within these plans, according to Carpenter, include: College funding alternatives for families of executives;Sabbaticals;Flexible retirement alternatives to qualified plans ;Choice funding for life events such as turning age 50 and purchasing a vacation home;Phantom equity arrangements when stock is not available to share;In-service payments above annual bonuses for short term retention subject to restriction; The appeal to younger executives is a shorter commitment to realize the benefit, with some plans triggered in as little as five years.

When developing a proactive counteroffer strategy, the business may consider the following, among other items: • mission critical roles, • high performers or high-potential employees, • salary or range penetration thresholds, • employees with poor (low) internal equity considerations, and • when the employee can be transferred to another team or project.

The reps are comfortable with the internal equity of pay and market comparison has not been an issue.

He also leads Korn Ferry’s pay equity and transparency practice in the U.S.

.; Reuse Permission When people think of diversity, equity and inclusion (DEI), race and gender are the attributes that typically come to mind.

Finally, be mindful and don’t pass on performing your pay equity reviews, where the amount of salary increases and total salaries are regularly reviewed.

For WorldatWork Members ;Total Rewards Inventory of Programs & Practices , research;Unlocking the Value of HSAs: Trends, Truths and What's Next , webinar; ;Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article; ;Workplace Wellness: Best Practices Study , Journal of Total Rewards article; ;Wellness Woes: Why Aren’t Employees Using Your Benefits?