Searching Compensation on page 61

Charles Health System: mentor Hillary Forrest, senior director of human resources, and mentee Morgan Prin, compensation manager; ;Corpay: mentor Mary McCorvey, chief people officer, and mentee Ilissa May, director of global compensation; Cathy Peffen, owner and principal of CMP Consulting, served as the session moderator.

Additional Information This series of courses is ideal for compensation and HR professionals who are responsible for designing compensation programs and influencing pay equity outcomes in U.S.

Next Steps To continue narrowing the racial pay gap, employers must define fair pay commitments and priorities, so they are aligned with the organization’s overall compensation strategy, said Mariann Madden, North America pay equity co-lead at WTW.

Address Uncovered Pay Inequities — And Prevent Future Gaps A comprehensive pay equity strategy is multifaceted, Pinto said — it includes conducting annual pay equity analyses, communicating the compensation policy with employees, offering regular performance feedback, and providing transparency around potential career paths and promotion qualifications.

.; ;Significantly increase the total annual compensation level for exemption as a “highly compensated employee” (HCE) under the FLSA.; In the months leading up to the election, the final rule was challenged in several lawsuits spanning multiple U.S. district courts, and on Nov. 15, 2024, the U.S.

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Re-Examine Your Pay Ranges; To Offer or Not to Offer Compensation professionals exploring this question — and ways to keep lump-sum merit replacements equitable — in a WorldatWork Engage forum post shared various insights: ;“We move our ranges every year, say 2%, so even an employee who was at the top of the range will get a 2% base pay increase,” said Ken McLean, a senior compensation analyst at Newport News, Va.

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: ;Employee Compensation; ;Employee Recognition; ;Finance and Budgeting; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

“That doesn’t mean these areas are unimportant, but rather, may suggest leaders are prioritizing strategic alignment, competitiveness and communication before layering on more customized approaches,” she said.; 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: ;Employee Benefits; ;Employee Compensation; ;Organizational Performance; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.