Compensation
GUIDE 3 Compensation KEY TOPICS audit compensation philosophy compensation policy compensation structure discrimination external equity flexible work internal equity merit office housework opportunity gap parity productivity socioeconomic inequality suppressed earnings transparency value of work wage gap Compensation issues exist throughout our profession arising from inequitable opportunities, valuation of work, and pay practices. Removing compensation gaps supports the influx, development, and retention of talent and the economic stability and growth of individuals, firms, and the profession. This guide discusses current wage gaps in architecture, how they occur, and what their impacts are and suggests steps for evaluating, establishing, and maintaining equity and parity in compensation. The University of Minnesota for the American Institute of Architects Equity and the Future of 3Architecture Committee 3.02 GUIDE 3 * COMPENSATION WHAT IS IT? What is compensation? Compensation is the sum of all tangible GAPS Women in the United States earn 80 cents per dollar and intangible value provided by earned by men for full-time work.1 That compensation employers to employees in exchange for in the United States is neither equal nor equitable is work. Employers use compensation to clearly reflected in the wage gaps that exist between almost every demographic—gender, gender identity, attract, recognize, and retain employees. sexual orientation, race, ethnicity, physical ability, Employees use it to achieve a standard age—for both salaried and hourly workers, regardless of living, gauge the relative value of their of education level, occupation, or industry.2 Here are additional gaps as of 2017: Compared to a dollar earned work contribution to an employer and to by white men, Asian women earn 87 cents, white women society, and make employment choices.
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