Summary
Compensation systems should be designed with the intent to attract, motivate, and retain proficient employees. A number of factors determine the salaries paid to employees: the salaries paid in the external labor market; federal laws, such as the FLSA and the Equal Pay Act; and the responsibilities and KSAOCs required to perform a given job, as well as an agency's ability to pay competitive wages.
Equity refers to the perception by employees that they are being paid fairly. External, internal, and employee equity influence compensation systems. Market factors influence external equity, job evaluation or job worth influences internal equity, and employee equity is said to exist when employees performing similar jobs are compensated based ...
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