TMCnet News
Sequoia Introduces a New Capability to Help Employers Build, Manage, and Share Pay RangesSAN FRANCISCO, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Sequoia®, the pioneer in Total People Investment, launches Comp Management on the Sequoia People Platform to help employers manage their end-to-end compensation processes and comply with new pay range laws requiring the disclosure of pay scales to current and prospective employees. The platform’s new add-on solution has completed the first phase of client rollout and is available for all Sequoia clients as of February 1st. With pay range disclosure now required in California, New York City and the states of Colorado and Washington, and more current and prospective employees asking for salary ranges, there is growing pressure for employers to be both transparent and competitive with pay for every role in their organization. “As companies enter the pay transparency discussion, they quickly realize they’re faced with the tough task of defining their compensation philosophy, reviewing their job architecture and determining their market competitiveness in order to make critical decisions arond how pay ranges will be executed,” said Kyle Holm, vice president of Total Rewards Advisory at Sequoia. “It’s a big job, but greater pay clarity – even in areas where it’s not mandated – will make employers even more attractive to top talent in the years ahead.” Sequoia Comp Management System will help bring together fragmented employee data to help employers establish job leveling, manage pay ranges with real-time market data, and properly communicate these ranges to current and prospective employees. In addition to the capabilities of the platform, Sequoia also provides advisory services to help clients navigate the strategy, planning, and execution of their compensation program. About Sequoia Media Contact: Blake Irwin AMF Media Group [email protected] 925.790.2619 |