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How To Set Pay Ranges That Are Fair And Effective

Webinar: ID# 1014086
Recorded CD
Qty:
About This Course:
Organizations nationwide seek to continuously improve performance and motivation, while simultaneously reducing costs. This arduous task often becomes the responsibility of human resources.

Without effective systems in place and data available, employee compensation can run counter to efficiency and performance objectives set by the organization.

The implementation of market-based pay structures is increasingly necessary in order for organizations to remain competitive, administer compensation fairly and easily, and allocate limited financial resources where they are most needed.

This live webinar will review best-practice steps to compensation system design.

Agenda

Compensation Economics 101
  • Law of Supply and Demand as It Relates to Compensation
  • Impact of Artificial Floors or Ceilings on Compensation Economics
  • Economic Trends Caused by Current Economy
Market-Based Compensation System Design
  • Purpose of a Compensation System
  • Steps to Designing a Compensation System
Developing Compensation Policies
  • Reasons to Implement Compensation Policies
  • Review of Advisable Compensation Practices, Typical Policies and Procedures
Recognition and Sustaining High Performance Through a Merit Matrix
  • Concept and Samples
  • Modeling
  • Benefits
Faculty

Amber Duncan SPHR
  • Manager of compensation consulting in the Human Capital Services Practice of CBIZ, Inc.
  • More than eight years of experience in the area of human resources, focusing on designing innovative compensation programs
  • Senior professional in human resources and finishing course work towards certified compensation professional designation
  • Expertise includes designing market-based compensation programs, linking pay with performance, pay structures and compensation surveys, as well as developing policies and procedures
  • Assists clients in the design and implementation of strategic base salary and incentive programs
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How To Set Pay Ranges That Are Fair And Effective
Available on CD format
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