Companies have become increasingly diligent about ensuring the fairness of base pay, but they could still have hidden compensation-related inequities that might expose them to penalties and lawsuits.
According to workplace equity technology company Trusaic, pay equity efforts have not extended to compensation including annual bonuses and stock options. Many industries emphasize these as an important part of their compensation strategy, but few include them in their pay equity analysis, said Trusaic. Only 13% of organizations studied consider long-term incentives when doing pay equity analysis, and only 24% include short-term incentives in their pay equity analysis.
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