In today's labor market, maintaining a strong pay equity structure is more than a retention strategy — it's crucial to the longevity and profitability of your company. In this session, an I/O psychologist and a labor economist will explain why and how your organization should be building its compensation structure on one simple foundation: market analysis data. Too many companies overlook this small investment, leaving them without a defensible compensation philosophy. Is yours one of them?

Takeaways

• Be ready to effectively communicate to key stakeholders the vital importance of market analysis and make the case for investment in this fundamental component of pay equity.
• Understand the connection between market analysis and a strong compensation structure.
• Make your case for investing in market analysis to cost-effectively lower your risk of pay-related litigation and elevate retention by paying your employees fairly.