In part one of this 3 part series we discussed the notion of developing a salary policy and ensuring that your organization has a solid approach to internal equity.  Part 2 focused on the concept of external equity.  In Part 3 will look at the concept of employee equity.

Employee equity conceptual looks at the relationship between multiple employees and their pay levels.  The idea that employees need to be paid “fairly” is more important today given the passage of the Lilly Ledbetter Fair Pay Act.  It seems clear that this administration will be more active in examining an employers pay practices.  Given that let’s look the most common way employees are paid:

To enjoy reading the rest of this article please click here compensation-plan-part-3