Equal pay is an important focal point for companies today because everyone deserves fair pay for the work they do. If your company is looking to avoid major legal issues with equal pay, here are some tactics you can try immediately.
Audit Pay Practices Regularly
Your company currently has certain pay practices in place. You need to analyze them in order to see if there is a pay gap between different groups of people when there shouldn't be. A pay audit more specifically can help you gain insights into pay practices, good or bad.
Then, if there is a pay gap, you'll know about it and can fix payment issues before you're left dealing with a major lawsuit from disgruntled workers. Just make sure this pay audit is conducted in an objective manner and also properly analyze the results that come back. Then you'll know how to structure pay for various employees going forward.
Consult With an Equal Pay Lawyer
Even if you think your company has solid pay practices that are fair, it's still a good idea to consult with a professional on this matter. Then you'll know for sure if you're going down the right path with equal pay. An attorney that specializes in equal pay matters would be an amazing professional to consult with.
They know the ins and outs of equal pay laws, so they'll know right away if your pay practices are fair or not. You just need to let them access key financial data that shows pay trends. If your practices aren't fair, this attorney can show what adjustments to make.
Make Sure Everyone Has the Ability to Advance
When your employees work their way up the ladder so to speak, they'll have the chance to earn more money. You want to make sure everyone within your organization has the ability to do this regardless of what ethnicity or sex they are. Instead, promotions and advancements will be based on achievement and past performance.
Do this and you can put more faith into your pay practices because they'll be set up in a fair way from the very beginning. You just need to keep auditing your advancement practices every couple of times each year.
If you manage a company, how you pay your employees should always be something you're focused on. These payment practices need to be fair for everyone so you can avoid legal trouble and create a healthy work atmosphere to be around.