Pay Surveys: How to Price Jobs in the External Marketplace to Best Determine True Worth
|Date / Time:
Overpaying by just $1 can have a significant effect on your ability to compete, which can endanger your organization's very survival.
But underpaying your employees can also have devastating consequences.
Paying too little can result in your employees feeling undervalued, which can lead to turnover. Turnover means increased recruiting and onboarding costs - and the risk of having to settle for a less skilled workforce that cost more in the way of training.
Perhaps you think you're getting along fine without worrying about what other organizations of a comparable size in your industry are paying, but make no mistake: Pay surveys are an important tool for developing and maintaining pay plans that fairly reward employees without breaking the bank.
Before embarking on a mission to hunt down the surveys you'll use to gauge where your salaries fall with respect to similar organizations, you must be able to effectively benchmark your positions to determine their true worth. Don't miss our informative webinar on September 11 designed to teach you how to perform job pricing in the external marketplace.
And as a bonus for attending, you'll get a step-by-step summary of the job-pricing process.
Participate in this interactive webinar, and you'll learn:
- Why putting the emphasis on job functions, not titles and descriptions, is crucial for success when benchmarking your salaries
- What to make of hybrid job functions and blended job descriptions, which are often used at smaller organizations
- How to get information from your employees about what they really do, so you can accurately figure their job duties
- Tips on how to select the right pay surveys for your organization
- How to tell if the survey benchmarking data you've received is really a match for the jobs you're testing
- What to do if you can't find external benchmarking data that corresponds to positions internally
- Best practices for determining market rates and figuring out if your current compensation rates are competitive based on the data you've received
- Where pay surveys fit into the overall scheme of developing your pay ranges
- And much more!
In just 90 minutes, you'll learn how to figure out what your jobs are really worth. Register now for this informative event risk free.
About your presenter:
David Wudyka, SPHR, MBA, BSIE, managing principal and founder of Westminster Associates, manages and oversees all company operations, including the design, development, and implementation of all client HR programs. His specialties include human resource analytics, audits of HR operations, employee retention strategies, and group incentive plans.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in CD 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.
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 Re-Certification Credits|
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.
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|Keywords For This Course:|
pay surveys, salary surveys, benchmarking salary, job pricing, job worth, pay
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