Pay and Compensation: What you need to know-Presentation

Presentation - Pay and Compensation

Pdf Summary

The document outlines training provided by the National Association of Housing and Redevelopment Officials (NAHRO) related to pay and compensation for public housing agencies. The training is tailored for commissioners, executive directors, HR managers, and professionals seeking compliance with payroll regulations, information on compensation requirements, talent retention strategies, and a better understanding of executive compensation roles.<br /><br />Key topics include establishing effective compensation plans, updated regulatory notices, and federal requirements such as PIH Notice 2023-05, which supersedes previous guidelines and mandates that all public housing agencies (PHAs) file updated compensation reports to HUD by specific deadlines. It emphasizes transparency, comparability with government and private sector roles, and adherence to salary caps linked to executive pay levels.<br /><br />Participants are prompted to assess their current compensation plans and identify areas needing updates due to market conditions or retention challenges. Detailed are the methodologies of conducting salary studies, either internally or through independent entities, and ensuring compliance with federal regulations. Continuous monitoring of executive compensation is emphasized for reducing discrepancies between executive and non-executive salaries.<br /><br />PHAs are encouraged to maintain comprehensive documentation, participate in independent surveys for unbiased feedback, and handle issues like salary compression and competitive compensation to retain talent. The training concludes with encouraging feedback and participation certifications via NAHRO's learning portal, outlining the importance of adapting to regulatory changes and maintaining compliance for organizational accountability and government transparency.

Keywords

NAHRO

public housing agencies

compensation plans

payroll regulations

executive compensation

federal requirements

PIH Notice 2023-05

salary studies

talent retention

organizational accountability