Establish the most appropriate pay schedule for your business.
Recent labor shortages and the influx of Generation Z into the workforce have created challenges for organizations in how they pay their employees. In addition, rapid minimum wage and FLSA compliance changes have also created pressures on how centralized pay frequency programs are administered. This program will explore all of these issues and provide insights on how best to address these challenges while also providing practical examples of how organizations are responding.
Learning Objectives
- You will be able to discuss how to communicate these changes to employees.
- You will be able to explain the reasons behind making pay frequency changes.
- You will be able to identify how to administer changes going forward.
- You will be able to recognize what is involved and some of the roadblocks to be prepared for.
Agenda
Reasons to Consider Changing Pay Frequency
- Impact on Financial Planning
- Compliance With Changing Federal and State Laws
- Better Consistency in Addressing Employee Job Changes and Meeting the Needs of a Multi-Generational Workforce
Key Questions to Consider Before Making Pay Frequency Change
- When to Make Such a Conversion
- How Are Current Compensation and Paid Time off Plans Impacted?
- Who Will Be Responsible for the Conversion?
Developing a Communication Plan
- Clarity on What’s Changing and Why
- Identify Who Needs to Know What
- Utilizing Communication Tools That Will Be Heard
Sample Program Conversion Project Plans and Communication Tools
- Actual Conversion Project Plan Including All the Steps to Be Followed
- Actual Communication Plan Used to Roll out the Conversion
- Actual Human Resource Policy to Support the Pay Frequency Change
Speakers
Michael F. Maciekowich,
Astron Solutions, LLC- National Director Astron Solutions LLC
- 45 years of compensation administration and consulting experience in both industry and consulting.
- Sought after speaker by state SHRM chapters and employer associations across the country.
- SHRM & WorldatWork Member. Received Lifetime Achievement Award in Compensation from WorldatWork
- Bachelor in political science & philosophy, Master’s in industrial Relations both from Loyola University of Chicago
Who Should Attend
This live webinar is designed for human resource managers, payroll professionals, benefits administrators, business owners and managers, CFOs, and controllers.
