October TruppTalk Newsletter

State-specific pay transparency laws

Pay transparency laws are becoming common at the state level, promoting fair and equitable workplace practices. These laws help to ensure employees better understand how compensation is determined, address pay disparities, and improve workplace morale. According to a late 2022 report by the Society for Human Resource Management (SHRM),?91% of employees who believe their organizations are transparent about pay decisions trust that their employers pay equitably, regardless of gender, race, or ethnicity.

Lack of pay transparency can lead to employee disengagement and dissatisfaction. This can result in a cascade of negative effects, including increased turnover and the need to hire replacements at higher wages, threatening internal equity.

Here is a closer look at the pay transparency law trend, outlining the legal framework and offering practical steps for employers to comply with these new regulations.

How can your business improve benefits administration?

It is no secret that employee benefits are integral to attracting and retaining employees, but when carefully selected and deployed, they can also have a significant impact on keeping your team members engaged and satisfied, a critical element of keeping your organization running smoothly. Some of the most common obstacles of benefits administration are?finding benefits that fit within your company’s budget while meeting the needs and interests of your employees, communicating those benefits and their value clearly and effectively with employees, and managing paperwork and administrative tasks. But there are ways to mitigate these pain points, making the benefits administration process smoother for you and your team.

Conduct an employee benefits survey

Savvy employers will consider the organization’s goals, budget, and employee demographics when determining what benefits to offer. A workforce comprised primarily of employees...

Upcoming Free Webinars

• Best practices for conducting an HR audit
• Navigating the complexities of workforce management compliance
• Mid-year employment law updates for 2024
• How to conduct a compliant workplace investigation
• Best practices for open enrollment and benefits administration
• How to successfully onboard a new employee
• How to handle ADA accommodations in the workplace