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Course/Product Description
Title:

Market-Based Pricing: How To Use Market Data To Set Salary Ranges And Retain Top Talent

SKU:WC-1027648
Date / Time: Recorded
Format: Webinar
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Description:

Determining the correct market rate for your best talent is a tall order. If you’re underpaying an employee, he or she may move on. Overpay, and you’re throwing cash out the window, but finding the best market data to assess and establish your pay rates can go a long way toward helping keep your organization running productively.

If your salary ranges fall within market parameters, you can be more confident in your ability to attract and retain high-quality workers. It can be tricky, however, to find and accurately interpret the salary survey information you need.

This all sounds good on paper. But as an HR professional, getting the mandate to shift your pay structure to one that’s market-based can be intimidating. It doesn’t have to be, though.

Join us when Tim O’Rourke, CEO of Matthews, Young—Management Consulting, will show you how to use market data to improve hiring and retention, what data is most effective to use (and what could get you into trouble), how best to structure your salary surveys, and how to balance competitiveness with reasonable pay.

In just 90 minutes you’ll get vital information on how to use market data to your best advantage to attract and retain the top employees needed for your organization’s success!

You’ll learn:

  • Why it’s essential to use market data to determine salary ranges
  • How market-based pay structures are different from traditional, broadband or step structures—and why you should consider one
  • How to make sure your job descriptions are up-to-date, and when you need to re-evaluate jobs
  • How to select market data surveys using the position you’re determining the salary for, the size and location of the company you want to compare, and more
  • How to facilitate buy-in from management and staff
  • How to pay employees relative to the salary ranges
  • And much more!
About Your Presenter:

J. Timothy O’Rourke
Chairman, President and CEO
Matthews Young—Consulting

J. Timothy O’Rourke is the current Chairman, President and CEO of MATTHEWS, YOUNG — MANAGEMENT CONSULTING. Mr. O’Rourke has held management positions in Systems/Programming, Operations Research, Human Resources, and Marketing. He has also chaired Marketing, Operations, and Asset/Liability Management Committees with banks. In addition, Mr. O’Rourke has completed the North Carolina Bankers Association’s Advanced Management Program, and has received the American Compensation Association’s Certified Compensation Professional designation. He has published numerous articles on banking subjects and frequently speaks at financial institution forums.

He is a specialist in strategic planning, organizational design, management by objectives systems, executive compensation, salary administration, management incentives, and executive search and outplacement. In 1984, he joined MATTHEWS, YOUNG — MANAGEMENT CONSULTING to help executives grow their earnings and expand in size. Since 1998, as a Senior Principal, he has been responsible for delivery of all strategic, compensation, and search services to financial institutions. In this role, he managed compensation surveys, built an integrated database of salary information, and developed salary administration computer models for microcomputers, as well as salary administration, performance appraisal, and bonus and incentive compensation systems. Mr. O’Rourke continues to focus his attention on the strategic management of clients’ human assets. He is often called upon to speak on compensation issues, and conducts numerous strategic planning programs.

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 a leader in helping organizations and their employees to 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 organizations and industries of all sizes.
More Info: Contact Us For More Information

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Keywords For This Course:

Market Based Pricing, How to Use Market Data to Set Salary Ranges and Retain Top Talent, Compensation, market-based pay, pay structure, salary structure, human resources, base pay, broadband, traditional, step-rate pay, HR, J. Timothy O’Rourke, Matthews, Young – Management Consulting, rate ranges, salary ranges, job grades, compensation webinar, HR webinar, BLR, HRHero, Thompson

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