Indicates whether the organization has a written policy regarding fair and equitable compensation for employees and a system to monitor compliance with this policy.
Fair Compensation Policy (OI3819)
- Reporting Format Yes/No
- Metric Type Metric
- Metric Level Organization
- IRIS Metric Citation IRIS, 2021. Fair Compensation Policy (OI3819). v5.2.
Footnote
Organizations should footnote details on how they determine the compensation of employees. See usage guidance for further information.
Usage Guidance
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This metric is intended to capture the organization’s compensation on equitable compensation. Organizations are encouraged to footnote details on how they determine fair compensation (for example, if they conduct a compensation benchmark survey).
Impact Categories & Themes
Cross Category
Metrics identified as "cross-category" are those that are relevant to any IRIS+ Impact Category or Impact Theme (i.e., these metrics are not specific to any particular industry/category or theme).
SDG Goals & Targets
Gender Equality
- SDG Target 5.1
- SDG Target 5.2
- SDG Target 5.5
Decent Work and Economic Growth
- SDG Target 8.5
- SDG Target 8.6
- SDG Target 8.7
- SDG Target 8.8
Reduced Inequality
- SDG Target 10.1
- SDG Target 10.2
- SDG Target 10.3
Metric History
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June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revisions to definition and usage guidance for clarity.
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January 2020 - IRIS v5.1 Released
No change.
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May 2019 - IRIS v5.0 Released
No change.
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March 2016 - IRIS v4.0 Released
Immaterial change. Minor revision to metric name and definition language in order to align consistency of metric with catalog's structure and style.
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March 2014 - IRIS v3.0 Released
Material change. Metric definition and response format modified to provide clarity based on best practices and standard guidance.
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November 2011 - IRIS v2.2 Released
Material change. IRIS ID changed due to relocation in the IRIS framework. Metric modified to improve alignment with the B Impact Assessment and increase specificity.
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February 2011 - IRIS v2.1 Released
No change.
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September 2010 - IRIS v2.0 Released
New metric. Fair Compensation Practices (OI2149) was developed via the IRIS Taxonomy Development Group.