Question: When administering a compensation program: actual pay rates should not be shared outside of the human resources department. open pay systems support the notion that
When administering a compensation program:
| actual pay rates should not be shared outside of the human resources department. | ||
| open pay systems support the notion that compensation is too complicated to try to explain to employees and should be kept confidential. | ||
| managers who make compensation decisions must receive training on the process and how they should communicate about compensation. | ||
| reviewing external market data and internal alignment every five years would be sufficient. | ||
| changes should be made when employees raise questions and after careful market surveys have been completed rather than updating for the sake of updating. |
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