Performance-Based Compensation Articles
The Watson Company is a leader in performance optimization products and services. Established in 1983, The Watson Company offers highly-successful programs designed to attract, retain, and motivate people in a cost-effective manner, linking pay to performance in an effort to improve overall quality and results.
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Wednesday, September 17, 2008
The Fair Pay Act (proposed)
What has been proposed? The Fair Pay Act is written to ensure equal pay to those with comparable jobs, and modifies the existing Equal Pay Act of 1963.What is the EPA of 1963? In short, the EPA prohibits sex-based 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 of 1938, as amended (FLSA), and which is administered and enforced by the EEOC.
The Fair Pay Act, as proposed, could:
1. Provide for punitive and compensatory damages similar to provisions under the Civil Rights Act.
3. Provide for Equal Pay for Equivalent Jobs.
4. New Required Employer Record Keeping.
What does it all mean? We will post several more blogs 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 and 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.
www.watsoncompany.com
Labels: compensation, Equal Pay Act, McCain, Obama, women's pay
