Wage and Benefit Comparability
Employee compensation is an important component of any program’s ability to maintain a skilled and motivated work force.
A Wage Comparability Study is an asset to program planning and enables an organization to design compensation policies and practices that are fair, equitable, and better attract and retain qualified personnel.
According to Wage Comparability 101- A Guide for Conducting a Wage and Fringe Benefits Comparability Survey, in order to establish and maintain high-quality program operations and services, EHS and HS programs must attract and retain qualified personnel. Employee compensation should be guided by three factors: comparability, equity, and affordability. Head Start and Early Head Start agencies are responsible to ensure that, inasmuch as possible, their employees are compensated at levels comparable to others in the communities they serve who bring similar qualifications to similar positions. One key is analyzing a program’s employee compensation system as compared to other organizations that offer like services and have similar demographics; which ensures that wages offered to personnel are comparable and competitive.
Reach out today to discuss your needs for a customized study unique to your program and positions.