Compensation Budgeting In 2015: How To Balance Employee Expectations And Economic Reality
|Date / Time:
Studies show most workers across all categories can expect an average base salary increase of 3 percent in 2015. What about yours?
While you want to offer compensation sufficient to keep workers happy and productive and avoid having employees leave for jobs elsewhere, you need to be realistic about what you can and can't offer. A compensation strategy for when and how much to reward employees in various jobs is vital.
Join us for insight into compensation pressures - and myths - that you and your employees can expect to encounter in 2015, and get guidelines on how your organization can keep workers satisfied while navigating the tricky waters of a still-recovering economy.
- Apply 2015 compensation trends to your decision-making
- Analyze your compensation budget and decide where to give increases, or if it's even feasible
- Use national trend data when making raise decisions
- Decide when raises should be merit-based or across-the-board, and what percentage to use
- Maximize your available budget and minimize risk
- Implement a salary increase and bonus policy that workers can live with
- Communicate salary or pay rate changes to maintain positive workplace morale
- Decide who to reward, and how much to carve out of the budget
- Plan for unforeseen changes in the workforce or economic conditions
- And much more!
About Your Presenter
John Rubino is the owner of his own consulting organization, Rubino Consulting Services. Mr. Rubino has over 30 years of experience, both as a practitioner and consultant, designing and implementing human resources programs for a wide variety of organizations in the financial services, technology, manufacturing, and public sectors. Prior to forming his own company, Mr. Rubino was senior manager of consulting for Ernst & Young, LLP, and director of executive compensation for The Equitable Life Insurance Company. Mr. Rubino conducts numerous presentations for global audiences and is also a speaker, course developer and seminar leader for WorldatWork (formerly the American Compensation Association) and the American Management Association, as well as a speaker for SHRM's annual conferences. He has written two books on compensation programs, as well as numerous articles on human resources program development. Mr. Rubino is a Certified Compensation Professional (CCP), Certified Benefits Professional (CBP), Global Remuneration Professional (GRP), and Work-Life Certified Professional (WLCP), and a Senior Practitioner in Human Resources (SPHR).
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|Keywords For This Course:|
Compensation, Budget, Employee Benefits
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