Nike just joined an increasing number of employers that are making sweeping pay changes in an effort to close the gaps between male and female employees’ paychecks and prevent bias problems down the road.Â
If your interview process still involves asking questions about candidates’ previous salary history, you may want to consider making some changes to that process.Â
As parental leave policies are becoming increasing popular, finance chiefs need to keep this in mind: Not giving new fathers the same type of leave as new mothers to bond with a newborn or newly placed adopted or foster child can prove very costly.Â
Will a recent court ruling submarine the Equal Pay Act?Â
Put EEO-1 reporting back on Payroll’s 2021 to-do list. Last year the reporting was postponed due to COVID-19. But now this regulatory requirement has returned. And the deadlines differ depending on your industry. Here’s what you need to know to keep your company in compliance. When are your EEO-1 reports due now? Be aware: These […]
Heads up: You’ll probably want to huddle with Payroll and review your pay practices and policies ASAP.
CFOs beware: One of the most common salary-setting techniques could now put your company in legal danger.
After having its pay practices under fire for months, Google finally received some good news in the form of a lawsuit dismissal. But the ruling also made it clear the tech juggernaut’s legal saga wasn’t over yet.Â
President Obama has made it clear that equal pay is one of his top priorities, and his latest action should go a long way to advancing that goal. It’s also likely to add a significant amount of administrative work for Finance staffs. Â
Even though a federal bill aimed at preventing employers from asking job applicants to provide a salary history appears to have stalled, many finance departments may still avoid salary history questions.
Employers are well aware pay discrepancies between genders could come back to haunt them. As a result, many are taking proactive steps to make sure they prevent or address any problems before it’s too late.Â
Heads up: There’s new legislation pending that could have a substantial effect on your employee salary structure. Â
What’s keeping C-level execs up at night? Just a few small concerns like the new overtime rules, a likely increase in bias claims based on sexual orientation, the Affordable Care Act and the threat of workplace violence.  Â
It’s been a long time coming, but the time has come for your company to begin reporting more detailed employee pay data to the feds.
It’s not 1975 anymore, but in many cases women are still earning less than their male counterparts. And that can be a problem for Finance. (Though it isn’t always.)
Employers everywhere do it all the time: An employee threatens to leave, so the company offers him or her more money in the form of “retention raises” to stay. But beware: One of your peers was recently dragged into court over this pay practice, after getting hit with claims it violated the Equal Pay Act. […]
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