COMPENSATION DISCREPANCY RESOLUTION
Date: July 12, 2051 Resolution No.: 2051-CD07
WHEREAS, on July 12, 2051, the Board recognized discrepancies in compensation among employees in similar roles within the company;
WHEREAS, [Your Company Name] is committed to maintaining a work environment that fosters fairness, equality, and respect for all its employees;
WHEREAS, these discrepancies have potential to undermine employee morale, tarnish the reputation of [Your Company Name], and result in potential legal liabilities;
NOW, THEREFOR, BE IT RESOLVED:
The Human Resources Department is directed to conduct a comprehensive review of the current compensation structures across all departments.
Data Collection and Analysis:
Department | Average Compensation | Range |
Sales | $85,000 | $75,000 - $95,000 |
Engineering | $92,000 | $80,000 - $105,000 |
Marketing | $78,000 | $70,000 - $88,000 |
Finance | $90,000 | $82,000 - $99,000 |
Human Resources | $75,000 | $70,000 - $80,000 |
This table is a representation of the existing discrepancies. The Compensation Committee will analyze this data and provide recommendations.
Post-analysis, the committee will create an action plan to address identified discrepancies which may include but are not limited to pay adjustments, bonus structures, and benefits revisions.
A transparent communication strategy will be executed, ensuring that all stakeholders, especially the affected employees, are informed of the changes and the reasons behind them.
Regular compensation audits will be scheduled every two years to ensure that [Your Company Name] continues to address any potential discrepancies and stays committed to its goal of fair compensation.
CERTIFICATION
I, [Your Name], solemnly affirm and attest that the aforementioned resolution was judiciously reviewed, deliberated upon, and subsequently ratified by the Board of Directors of [Your Company Name] during the regularly convened meeting on July 12, 2051.
Signature:
[Your Name]
[Job Title]
July 12, 2051
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