Pay disparity between high and low earners is often reported in 'unhelpful' ways, but HR professionals should understand the trends that drive it, and how to manage pay-gap perceptions, according to a reward specialist.
Large pay discrepancies between employees can cause great discontent in a workforce. But how concerned should HR professionals be about the pay gap between the highest and lowest earners, and what should they do about it?
From today, a new high-income threshold applies, affecting unfair dismissal claims and modern award coverage, while changes to the employee share scheme rules also take effect, and minimum wages and modern award rates go up.
In a webinar on 23 July, learn how to improve productivity and retention by taking advantage of changes to employee share scheme legislation. Premium members should click through to request a pass, while free subscribers can upgrade their membership level here for access.
One of the most important aspects of executive remuneration is also the part employers often ignore when drafting employment contracts, warns lawyer Brett Feltham.
The Federal Court has clarified a grey area of the Fair Work Act, ruling on the rate at which employees should be paid out their annual leave entitlements upon termination.
Employers must overcome four collaboration "paradoxes" to reap the productivity benefits stemming from greater employee cooperation, says business advisory CEB director, Aaron McEwan.
