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Course/Product Description
Title:

Compensation Essentials For HR: Comp Insider's Tips For Ensuring The Competitiveness Of Your Pay Plans

SKU:WC-1025121
Date / Time: Recorded
Format: Webinar
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Description:

As an HR professional, you need to have confidence in your compensation program’s ability to attract and retain the best employees.

But if you’re not a compensation expert, how can you ensure that your pay program is competitive and fair? Here are a few questions to consider:

  • What are the building blocks of a strong compensation program?
  • What are the key concepts and terms?
  • How competitive do you want to be, based on your industry and location?
  • How do benefits and perquisites fit into the total compensation scheme?
  • What part will incentives play?
  • Will there be a different approach to the compensation of managers?
  • Will there be pay increases? If so, what will they be based on?
Much depends on your budget, industry, and location. And even if you are not a comp expert, there are steps you can take to ensure that your pay program is fair and competitive.

Join us to learn how to analyze—and improve—your compensation strategy.

You’ll learn:
  • Determine your organization’s pay philosophy—and recognize the relationship between benefits and that overall philosophy
  • Analyze your pay program and compare it to others in your market
  • Use surveys to help benchmark yourself against your competitors
  • Discover when it’s acceptable to pay more or less than other similar organizations
  • Understand the difference between traditional models and incentive pay
  • Design an incentive pay program, if it fits with your strategy
  • Understand the advantages and disadvantages of merit-based pay
  • Set minimum and maximum pay grades, and factor in internal and external equity when reaching compensation decisions
  • And much more!
About Your Presenter:

David Wudyka, MBA, BSIE
Managing Principal
Westminster Associates

David Wudyka, MBA, BSIE, is managing principal and founder of Westminster Associates, manages and oversees all company operations, including the design, development, and implementation of all client HR programs. With more than 30 years of professional HR experience, he has a strong interest today in the increasingly emerging role of the HR department as a strategic partner, employee retention strategies, and group incentive plans. Mr. Wudyka was one of the first 200 people in the United States to be certified in the field of Compensation by the former American Compensation Association. He also teaches the HR Certification Course at UMass Boston and is a member of the Adjunct Faculty there.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

Licenses / Designations / Educational Credits:PHR/SPHR
All US States: 1.5
About The Provider: BLR® is the leader in helping organizations, and their employees, reduce safety, environmental and employment compliance-related legal exposure, stay on the right side of law, and achieve their full potential. We offer best-in-class compliance product and services that includes news, information & analysis, best practice guidance, employee training and turn-key tools delivered in a wide range of formats from online applications, live events and websites to books, CD's, Video, Posters and newsletters geared to all sized organizations and industries.
More Info: Contact Us For More Information
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Keywords For This Course:

Compensation Essentials for HR: Comp Insider's Tips for Ensuring the Competitiveness of Your Pay Plans, Competitive compensation, surveys, merit pay, incentives, motivating employees, hiring rates, David Wudyka, Westminster Associates

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