Performance-Based Compensation Articles
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Tuesday, September 23, 2008
The Equal Pay Act - Are you ready for change?
During this election year, there has been much rhetoric regarding the Equal Pay Act. Both major Presidential candidates are addressing this subject, and there are two different interpretations of the proposed changes.We will try to clear up a few questions in a non-partisan fashion. First, there are two proposed Acts in Congress that are the real issue. The first Act proposed is the Paycheck Fairness Act , sponsored by Sen. Clinton (D-NY) and Representative Delauro, (D-CT). The second Act is the Fair Pay Act, sponsored by Sen. Harkin (D-Iowa) and Delegate Norton (D-DC), which has similar wording as the Paycheck Fairness Act but a different focus.
What is the Equal Pay Act (EPA) of 1963? In short, the EPA prohibits wage discrimination between men and women in the same establishment who are performing under similar working conditions. The EPA is part of the Fair Labor Standards Act (FLSA) of 1938, as amended, and which is administered and enforced by the EEOC.
What has been proposed? Basically, the Paycheck Fairness Act is written to modify current laws against wage discrimination and requires the federal government to be more proactive in preventing such discrimination. Similarly, the Fair Pay Act is written to ensure equal pay to those with comparable jobs.
What does it all mean? We will post several more articles breaking down some of the specifics of each provision of the current and proposed Acts.
The Watson Company has over 20 years of experience in employee compensation and performance management and has worked with over 500 organizations. We will be glad to work with you to ensure you comply with existing laws, and prepare for pending legislation changes. We are not attorneys, and this information should not be used to make legal defenses or opinions. We are consultants who will work with your organization to provide programs and services that are compliant with Federal Regulations.
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Labels: compensation, Equal Pay Act, McCain, Obama, women's pay
