Mastering Pay Bands: A Strategic Approach to Compensation
Establishing effective pay bands involves carefully weighing multiple factors. You need a system that’s structured enough to ensure everyone is being compensated fairly, but also flexible enough to attract, retain, and reward your top performers. And with more and more states enacting pay transparency laws, finding that balance is more important than ever.
In this webinar, Kristi Weierbach will explore the key things to keep in mind when creating pay bands that are both compliant with the law and adaptable to the unique needs of your organization.
After attending this webinar, you will be able to:
- Determine the best pay band structure for your organization.
- Develop pay ranges that are competitive and equitable.
- Ensure compliance with pay transparency laws.
- Build flexibility into your pay bands to accommodate market changes and recognize exceptional performance.
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