Pay Equity Studies
Recent legislation on pay discrimination, including the Lilly Ledbetter Fair Pay
Act, has highlighted the importance of having sound methods for determining fair
and equitable compensation. The Lilly Ledbetter Fair Pay Act of 2009 increases
an employer’s exposure to pay discrimination lawsuits and claims. Therefore,
it’s now more important than ever for organizations to invest both the time and
resources in auditing their pay practices.
Pay equity issues arise from flaws in
a compensation process that will continue to produce issues unless they are
discovered through an audit process. The goal of the audit is to look for trends
that identify disparate impact through statistical analysis. For example,
cross-referencing age, ethnicity, and gender with hire rates, promotions, and
merit increases within job classifications, etc.
A Pay Equity Audit is an
exceptionally effective way for employers to identify problems and ensure their
compensation practices are fair and equitable. The Waters Consulting Group, Inc.
has sophisticated compensation tools as well as seasoned compensation
professional consultants to help in this effort.
For over 30 years we have been
helping local governments across the nation with compensation system development
and improvement including pay equity studies. In order to help your organization
mitigate litigation risks, we invite you to call us today for a discussion of
your needs and a quote for service.
Contact us for more information
or to schedule an engagement.