Compensation and Benefits Manager how-to
How to Run a Pay Equity Review
Equity reviews find unfair gaps.
Quick answer
Equity reviews find unfair gaps. In short: gather; group; control, then complete the remaining steps below.
Step by step
Gather pay data.
Group similar jobs.
Control for legitimate factors.
Find unexplained gaps.
Plan adjustments.
Document results.
Safety reminders for compensation and benefits managers
- Protect employee pay data
- Follow ERISA and FLSA
- Keep health data private under HIPAA
- Prevent pay discrimination
Key terms
Total rewards · Salary range · Midpoint · Compa-ratio · Market pricing · Job evaluation: see the full compensation and benefits manager glossary.