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Journal Article
09/21/2023
A majority of organizations are not transparent in key aspects of their reward program. 36% of organizations provide employees the salary range for the role they are in;41% do not have a documented compensation philosophy;37% provide employees with basic compensation strategy and design information;Only 19% say a majority of their employees understand their compensation philosophy;Only 17% are transparent in their salary range postings, when not required by law.; These varied areas of focus make it difficult for organizations to balance the benefits and trade-offs of becoming more transparent.
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The law does not prohibit an employer and employee from agreeing to a rate of pay or work schedule designed to protect the employee from loss of Social Security payment or benefits if the employee is eligible for those payments.