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Establishing Compensation Philosophy And Strategy: The Building Blocks Of Compensation Compliance

Webinar: ID# 1023591
Recorded On-Demand
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About This Course:
A compensation philosophy is a seemingly simple statement that documents a company’s position on employee compensation. And, it’s something all organizations should establish.

Although simply stated, the philosophy is a strong, underlying support of the company’s business goals and operating objectives. A compensation philosophy can also help an organization remain transparent about their pay strategy and goals.

Employers need to make sure their compensation structure is transparent to employees, in line with the current market, and reviewed and updated periodically. Also, when managers understand and can easily communicate the company’s pay philosophy, this can lead to higher levels of employee satisfaction.

Join us for an in-depth webinar about how to establish an effective compensation philosophy and how to build a compliant compensation plan. Katie Busch, Lead Consultant at HR Compensation Consultants, LLC will discuss what it takes to build a strong and compliant compensation plan that is right for your organization.

BONUS: Attendees will also receive BLR’s Compensation Philosophy Strategy Template that you can customize for your own organization.

Learning Objectives:
  • How to define a compensation philosophy and why it is important
  • How a strong compensation philosophy benefits the employer and the employee
  • What factors to consider when establishing a philosophy or strategy
  • What kind of compensation planning you should be doing right now
  • How to communicate your compensation philosophy
About Your Presenter:

Katie Busch
Lead Compensation Consultant
HR Compensation Consultants, LLC

Katie Busch is the founder of HR Compensation Consultants, LLC and offers over 15 years of progressive compensation experience having worked in various industries, including high-tech, loyalty marketing, pharmaceuticals, retail, manufacturing and logistics solutions. She started her career in governmental consulting work. Her recent experience also includes implementing classification and pay plans for countries in Latin America and Europe.

Ms. Busch earned her bachelor’s degree in International Business from Florida Atlantic University and is a certified Global Remuneration Professional (GRP) from WorldatWork and a SHRM-SCP from the Society of Human Resources Management.

Ms. Busch has been a board member for the South Florida Compensation and Benefits Association (SFCB) since 2007 and served as their President from 2011 to 2012. She is also an adjunct professor at Florida Atlantic University where she teaches an executive education class in Compensation and Benefits. Ms. Busch appeared in the July/August 2016 issue of HR Magazine published by SHRM.
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Establishing Compensation Philosophy And Strategy: The Building Blocks Of Compensation Compliance
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