HB3205: Relating to the exemption of certain bonuses from pay equity requirements; declaring an emergency.

Legislative Summary

Permits employer to pay employees at different compensation levels pursuant to retention bonus provided that employer does not discriminate in payment of retention bonus, and that retention bonus accounts for entire compensation differential. Modifies definition of "compensation," for purposes of pay equity requirements, to exclude hiring bonuses and retention bonuses.] Permits employer to pay employees at different compensation levels pursuant to retention bonus provided that employer does not discriminate in payment of retention bonus, and that retention bonus accounts for entire compensation differential. Declares emergency, effective on passage.