Compensation should be fair and equitable and not discriminate on the basis of gender or other elements of diversity. Employees with the same levels of experience, skill, or training should be paid...

Compensation should be fair and equitable and not discriminate on the basis of gender or other elements of diversity. Employees with the same levels of experience, skill, or training should be paid equitably. Opportunities for nonfinancial compensation to earn awards or participate in activities should be fair and equitable. Employee satisfaction will be increased and commitment to the firm’s mission and vision will be enhanced when policies are clear and specific for such compensation opportunities.