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Course/Product Description
Title:

ABCs of Setting Up Job Grades: How to Successfully Build a Market-Based Pay Structure from Scratch

SKU:WC-1013070
Date / Time: Recorded
Format: Webinar
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Description:

For HR professionals who are new to compensation and even for those who are experienced HR managers, the idea of building a market-based pay structures from scratch may seem extremely daunting - but it doesn't have to be. By following several key steps, you can develop a successful pay structure for your organization.

First, it's important to take into account merit, longevity, and cost-of-living adjustments as well as applicable minimum wages, which continue to creep up across the country. For example, in California, a new minimum-wage rate of $9 goes into effect July 1, 2014. This underscores the importance of ensuring that job grades aren't only competitive but also in line with the law.

Understanding market-centric midpoints and how to effectively use market data to develop competitive pay ranges are both crucial to successful pay grade development across job classes as well. It's also critical to keep in mind that legal defensibility is important, and pay grades can help avoid pay-based discrimination claims and ensure fair labor standards compliance.

To get a better understanding of what it takes to develop an effective pay structure for your organization, participate in this interactive and advice-rich webinar for HR professionals of all levels.

You'll learn:

  • How your organization's overall compensation strategy affects pay range development
  • How to tell which external market data sources you should use to price the jobs you've currently got
  • How to conduct a meaningful job analysis, including tips for gathering, documenting, and analyzing data necessary to describe the jobs your organization requires
  • How to tell which jobs are mission critical to your organization's success, which is essential for developing a strategy on how to compensate for these positions
  • How to effectively conduct a market data analysis and apply the information you've gathered to create salary ranges for your organization
  • What to do about current salaries that don't fall within the ranges you've set and how to best remedy these "red circle rates"
  • Where factors such as cost-of-living adjustments (COLA), longevity increases, and merit increases fit into the pay grade puzzle
  • What you need to know about "aging" to effectively manage pay grades successfully for years to come
  • How to figure out if your proposed pay ranges are matching, leading, or lagging behind the market
  • Strategies for rolling out your new market-based pay structure and how to evaluate its success
  • And much more!

In just 90 minutes, you'll learn tips for developing a market-based pay structure from scratch. Register now for this must-attend event risk free. And, as a bonus for attending, participants will receive a sample hourly job grade scale calculator, showing longevity, merit COLA increases, and more!

About your presenter:

Terry Pasteris is president of TLMP Consulting Group. Prior to founding TLMP, Ms. Pasteris led global compensation functions in several corporations and has consulting experience including Partner and Vice President of the Hay Group. Ms. Pasteris' work covers all areas of rewards at executive, sales, and all employee levels, both domestic and international. She is a CCP and GRP and holds an M.A. and a B.S. from the University of Illinois at Urbana.

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.

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 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.
More Info: Contact Us For More Information
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Keywords For This Course:

pay grades, salary midpoint, salary range, payroll

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