Asked by Summer Bourbon on Jul 09, 2024
Verified
The pay ration reporting policy, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, requires that companies report the ratio of their average worker's pay to that of
A) other workers in the same industry.
B) minimum wage.
C) their competitor's average pay.
D) exempt employees.
E) the CEO.
Pay Ration Reporting Policy
A policy requiring companies to disclose the ratio of compensation of their chief executive to the median compensation of their employees.
Dodd-Frank Wall Street Reform
A comprehensive set of financial regulations passed in 2010 in response to the financial crisis, aimed at increasing transparency and accountability in the financial system.
Average Worker's Pay
The mean salary or wage earned by employees in a specific job, occupation, or region, often used as a benchmark for assessing economic health and wage fairness.
- Comprehend the rationale and requirements of pay ratio reporting policies and their implications for organizational transparency.
Verified Answer
Learning Objectives
- Comprehend the rationale and requirements of pay ratio reporting policies and their implications for organizational transparency.
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