Pay Grades And Job Value: How To Build A Workable Compensation System

Webinar: ID# 1023593
Recorded On-Demand
About This Course:
As we ease into 2017, it’s time to review pay ranges and think about re-ranking jobs, moving positions, reviewing internal equity, or adding variable pay systems into the total reward compensation mix. A change in your pay grade structure can result in getting maximum productivity from your employees and, at the very least, can help you retain top talent.

Whether you want to reward performance, longevity, knowledge, skills, or competencies, determining pay grades is the first step to creating an internally equitable, market competitive compensation system. Without accurate pay grade determination, it won’t matter how good your pay survey data is, internal equity will likely be skewed too high or too low.

Join us to learn how to create an equitable and competitive compensation system to attract and retain the best employees.

Learning Objectives:
  • What job grades are and the correct way to determine them—whether you should create or revise a pay structure
  • How a salary structure is built, with examples of different methods to do so
  • When to pay above market—and when it makes sense to pay below
  • Key ways that pay grades influence your performance/merit pay programs
  • How pay grades interact with variable pay plans
  • When and how to conduct an internal equity review
  • What to do about pay discrepancies between men and women in similar positions
  • How to address pay discrepancies and inequities without creating legal liability
  • Laws to consider when putting a compensation policy in place
  • And much more!
About Your Presenter:

John Rubino
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 Johannesburg.
Pay Grades And Job Value: How To Build A Workable Compensation System
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