May 8, 2019
Success in any industry is contingent on the ability to attract and retain high performing talent. To ensure your organization remains both competitive and compliant in the area of compensation and meets the September 30th EEO-1 pay and hours worked data deadline, it is important to review your organization’s compensation program annually. Performing a regular analysis ensures that your organization hosts sound compensation practices and stays in line with external industry market shifts.
If your organization does not currently have a formal compensation program in place, start by reviewing your organization’s mission and values. Then, think through how your organization should be supporting employees and evaluate your current processes. If you answer “no” to any of the questions below, it is time to formalize compensation for your organization.
Compass recommends taking the following annual steps if you have a formal compensation program:
Please reach out to Compass at firstname.lastname@example.org if you are in need of compensation support, especially if you require guidance prior to the September 30th EEO-1 pay and hours worked data deadline. We would be happy to support research needs or conduct a full compensation analysis.
Compass navigates beyond traditional human resources concepts to facilitate the success of clients. Compass drives organizational performance with proven HR and business strategies. The Compass team's experience and talent are tailor-fit to find a solution that encompasses any aspect of the employee life cycle, regardless of the client’s company size or industry. Compass works to learn their client’s business by listening. We serve clients better because we understand and care.