Pay equity policies create an equitable workplace in which compensation is clearly tied to business results. They represent the most basic building blocks in structuring an objective compensation program and provide a quantifiable benchmark against which to measure employee salaries.
Cable industry pay equity programs are becoming more sophisticated. Compensation benchmarking is increasingly important in highly competitive categories such as ad sales, new media and information technology. Employers must constantly upgrade pay as skills evolve to reflect the new demands of the industry.
Leading companies are making their pay policies more transparent via programs and communications that inform employees about how the company makes compensation decisions. This push for greater transparency comes in anticipation of legislative changes that likely will require greater corporate accountability to communicate pay decisions to employees, equipping employees with the information to advocate for themselves.
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