Niagara 02.24.21 VIRTUAL How to Maintain Pay Equity in a Practical Sense
AGENDA:
6:00pm: Opening Remarks & Speaker presentation
7:00pm: Questions & Answers
7:30pm: Event Concludes
EVENT DESCRIPTION:
Pay Equity in Ontario should be part of an organization’s overall compensation philosophy, legally and strategically. Pay Equity ensures that female predominant job classes are compensated at least equivalent to a male job class of equal or comparable value to an organization (it is not equal pay for equal work). Ontario’s Pay Equity legislation is unique and has a number of requirements that need to be met. Maintaining a formal pay structure in an organization leads to many benefits in addition to meeting Pay Equity requirements: - Employee satisfaction (internal equity) - Attracting new talent and retaining talent - Competitive market positioning - Ongoing cost management (controlling hiring costs) - Marketing opportunities The event will focus on developing and maintaining a Pay Equity Plan that combines the requirements of Pay Equity with competitive market benchmarking to create a compensation structure that enables your organization to maintain market competitiveness and compliance.
LEARNING OBJECTIVES:
- Provide an understanding of Pay Equity and responsibilities of an organization
- Provide basics for building a Market Based compensation structure that is Pay Equity compliant
- Provide a strategy for maintaining Pay Equity as part of your hiring strategy and annual compensation review