Compensation Program Design Overhaul: How To Jumpstart Your Company's Pay Structure To Accomodate A Changing Landscape
|Date / Time:
The Department of Labor’s new overtime exemption rule, effective December 1, 2016, has forced many businesses to take a hard look at what they’re paying, to whom, and how.
Even if you’ve got a handle on who needs to be designated as a non-exempt, overtime-eligible employee under the final rule, the new year is a prime opportunity to consider what’s working, what’s not, and how to go about diving into a compensation structure overhaul if marketplace competition or internal forces demand it.
But, where do you start? Evaluating how to overhaul your business’s compensation structure or program takes a steady hand and requires you to address myriad factors. What are those factors and how can you ensure that your compensation overhaul goes as smoothly as you need it to?
Join us to find out answers to these important questions. Compensation expert John Rubino will show you how to master the challenges that come with revamping your organization’s compensation structure.
About Your Presenter:
- Where to start—with the fundamentals of market salary survey analysis
- The types of job evaluation methodologies to consider—and their pragmatic applications
- The steps necessary in developing and maintaining a traditional base pay structure
- What broad-banding is, and when it's appropriate to use it when overhauling a compensation program
- The importance variable pay programs are playing on a global scale right now, and what to consider before implementing one
- Essential statistical metrics for evaluating where you’ve been and where you want to go with your compensation plan design
Rubino Consulting Services
John Rubino is the founder and president of Rubino Consulting Services. He has more than 30 years of experience designing and implementing human resources programs for a wide variety of organizations in the financial services, technology, manufacturing and public sectors—as both a practitioner and consultant. Prior to forming his own company, he was senior manager of consulting for Ernst & Young LLP and director of executive compensation for The Equitable Life Insurance Company.
As an internationally acclaimed speaker, Mr. Rubino conducts numerous presentations to global audiences. He 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. Mr. Rubino is the author of two books: “Developing Compensation Programs: Job Analysis, Evaluation and Classification” and “Communicating Compensation Programs: An Approach to Providing Information to Employees”. A Certified Compensation Professional (CCP), Certified Benefits Professional (CBP), Global Remuneration Professional (GRP), and Work-Life Certified Professional (WLCP), Senior Practitioner in Human Resources (SPHR), Mr. Rubino holds a BA from Wagner College, an MBA from the Lubin Graduate School of Business, Pace University, as well as a Lifetime Achievement Award from WorldatWork and an Honorary Membership Award from the South African Reward Association (SARA) based in Johannnesburg.
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|Licenses / Designations / Educational Credits:||PHR/SPHR Re-Certification|
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:|
compensation structure, compensation overhaul, broad-banding, job grades, compensation administration, rate ranges, salary surveys, market pricing job
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