Are you out of Compliance?
Are you out of Compliance? Each year new employment laws are enacted. It is important for organizations to stay up to date with new regulations. While there are new laws that have been enacted in 2022, let’s take a look back at 2021 laws to ensure you are compliant. Effective Jan 1, 2021, the Equal Pay for Equal Work act went into effect. Take a look below at some of the industry best practices as it pertains to the Equal Pay for Equal Work Act.”
Best Practices:
Develop a written compensation strategy
Update any incentive programs to be written and as objective as possible
Write clear and objective job descriptions. Share them with employees and consider asking them to acknowledge receipt and understanding
Use your HR Management System to record employee education, skills, and other info relevant to pay
Perform a quarterly review to determine which employees may require a pay adjustment
Perform regular pay audits with the aid of an outside party such as The HR Shop
If you need more information about Colorado Employment Laws or support with your policies and procedures, we are here to help!