This training program will concentrate primarily on establishing a philosophy and program for salary administration that will be in alignment with your organization’s business strategy, be understandable to management and employees and compliant with applicable labor laws.
Starting with your company’s philosophy of pay in relationship to the market, and the objectives you have established for your compensation program, we move to the practical design and implementation of a market-driven program. This course will give participants a basic program which they can maintain and administer and also a program to which they can add more sophisticated compensation plans, such as bonuses, incentive plans or goal achievement rewards, if they choose.
Why Should You Attend:
Designing, communicating and maintaining an equitable program is a major component in retaining a motivated workforce. Too often complicated methods of salary administration lead to confusion and misunderstanding. In most organizations, salary ranges are based on the market and benchmark positions, adjusted to provide for internal equity and to match specific position descriptions. In most cases a straight forward merit program works well. It is also more easily defended when questioned either by employees or authorities.Starting with your company’s philosophy of pay in relationship to the market, and the objectives you have established for your compensation program, we move to the practical design and implementation of a market-driven program. This course will give participants a basic program which they can maintain and administer and also a program to which they can add more sophisticated compensation plans, such as bonuses, incentive plans or goal achievement rewards, if they choose.
Areas Covered in the Webinar:
- Determining a salary administration philosophy and policy
- Selecting external salary surveys
- Matching jobs for internal equity
- Calculating salary ranges and levels
- Setting minimums, midpoints and maximums for your ranges
- Integration of salary administration with a merit pay system
- Considering bonuses, incentives and other reward programs
- Marketing total compensation program to your employees
- Complying with applicable labor laws
Who Will Benefit:
- Chief Human Resource Officers and other HR Professionals
- Compensation Managers
- Employment Managers and Recruiters
- Affirmative Action Officers
- Auditors
Course Provider
Marna Hayden,
