LABOR LAW NEWS

Pay Equity, Time Constraints Highlight Themes from WorldatWork Event

By Kris Janisch

Published on May 16, 2019

WorldatWork, compliance, minimum wage, solutions

For Dave Schramm, senior compliance consultant at GovDocs, two primary themes emerged from human resources and compliance officials at the recent WorldatWork event:

  • Difficulties managing multiple projects and initiatives
  • Finding tech solutions to address those efforts

“What these professionals are looking for are ways to implement and support company initiatives,” Schramm said. “They have very little margin. There are so many moving parts, and many are looking to leverage technology and innovation to get things done.”

Held in Orlando, Fla., from May 6-8, 2019, WorldatWork’s annual total rewards event brought in HR pros from across the country to learn, network and explore best practices. This year’s theme was “Learn, Solve, Disrupt, Envision.”

Pay Equity

From total rewards to sales compensation and work-life balance, pay equity was a recurring issue for those who attended WorldatWork, said Kim Nygren, senior compliance consultant at GovDocs.

“Managing local wages was the most common point, and they felt it was not manageable,” she said.

Only 60 percent of companies are actively working to address pay equity, according to a survey from WorldatWork and Korn Ferry. Some of the issues that arise as companies navigate the the matter include:

  • Transparency
  • How to address pay inequity once identified
  • Creating processes to implement compensation changes

Meanwhile, Schramm said many of the people he spoke with at WorldatWork discussed the costs associated with hiring new people and keeping them on staff, and the three-day event was a good platform to exchange information and seek out potential solutions.

“They need the right rewards,” he said. “They’re asking: ‘What does that look like for us? What tool is out there to do that?’”

Also, Nygren said GovDocs Minimum Wage and the product’s tracking and reporting software was intriguing to many who stopped by the booth at the event. Learn more.

Conclusion

Both Schramm and Nygren said WorldatWork was a productive three days of education, as well as a chance to meet leaders in compensation, benefits, HR and more.

And the food was fantastic, Nygren said.

“WorldatWork does a fantastic job of taking care of their members,” she said.

This Labor Law News Blog is intended for market awareness only, it is not to be used for legal advice or counsel.

Who is GovDocs?

GovDocs simplifies the complexity of employment law management (ELM) for large, multilocation employers across all industries. We offer a suite of innovative compliance products, including labor law postings, data software applications and other program management tools, to ease the day-to-day responsibilities of human resources, compensation, legal and finance teams.

Have less than 30 locations? 

The GovDocs Poster Store simplifies the complexity of posting compliance for employers with less than 30 locations across all industries. We offer a variety of posting products to meet your labor law compliance needs, including federal and state posters; county and city poster packages; and other HR posters. Plus, when you purchase posters with GovDocs Update Service, you ensure your locations automatically receive updated posters whenever changes occur.