What are the most common barriers to fair compensation, and what are the most effective ways that organizations can overcome them? This cutting-edge report on compensation practices outlines flexible approaches and proven solutions that work for businesses and nonprofits of all sizes. Learn how leading employers have used these approaches to improve their compensation practices and obtain tools that are applicable to any organization.

CAPS’ focus on this project is intended to promote fair compensation philosophies, policies, processes and behaviors. By encouraging practices that enable and enhance an organization’s ability to recruit, retain, incent, and reward its employees, CAPS hopes to address both the real and perceived problems associated with compensation.

All employers recognize the importance of attracting, hiring and retaining employees with the skills,  abilities and other qualities necessary to achieve the goals of their organizations.

These skills, abilities and qualities are possessed by many people whose personal characteristics—e. g., age, disability, ethnicity, gender, nepotism, race, sexual orientation, veteran status—may not be identical and should be irrelevant in making hiring, compensation, advancement, and other human resource and business decisions. Compensation is a key factor in attracting and retaining women and people of color, vital and growing components of the current and future workforce.

The models, practices, guidelines and research presented in this project will help employers evaluate their current compensation practices and solve equity problems they may have, as well as provide flexible and proven practices they may wish to adopt.

 

Read the source article at IssueLab