Submitted by:Marlon Richardson, Association Account Manager, My Benefit Advisor
Managing pay can be tricky. Handled incorrectly, pay can create problems for an employer — everything from the inability to attract the right candidates and losing great employees to the competition to presenteeism (employees who are physically in the workplace but not engaged in their work), employee relations issues, compliance audits, and lawsuits. These outcomes impact productivity. They infect the company culture. And they tarnish the employer brand.
To be successful, employers need to learn how to make the right decisions. To do this, you should be aware of new trends while managing risk by complying with wage and hour rules. Some of the key issues to consider are:
Pay vs. Motivation & Retention
Equal Pay Mandates
Salary History Ban
Members of the Chamber of Commerce for Greater Philadelphia have access to the My Benefit Advisor (MBA) program as a solution for employee benefits. Those who choose to enroll in the MBA program for benefits also have access to ThinkHR, an HR research center to help address pay issues and other HR topics. Our experts can help you with any questions about the MBA program, visit us online at ccgp.mybenefitadvisor.com or contact Marlon Richardson (215) 790-3640.