This document summarizes key points from a chapter about establishing strategic pay plans, including:
1. It discusses factors to consider when determining pay rates such as compensation laws, exempt vs. non-exempt classifications, and developing an aligned reward strategy to support a company's competitive strategy.
2. It covers issues to address in compensation policies like pay for performance, overtime, leaves, and addressing salary compression over time.
3. The concept of equity is introduced, including external equity comparing a job's pay across companies, internal equity comparing pay fairness within a company, and individual equity for a person's pay.
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Title VII of the Civil Rights Act (1964)
An employer cannot discriminate on the basis of race, color, religion, sex, or national origin with respect to employment.
Coverage
All public or private employers of 15 or more persons.
All private and public educational institutions, the federal government, and state and local governments
All public and private employment agencies
All labor unions with 15 or more members