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Market Rates And Internal Equity: How To Strike The Right Balance To Land The Right Talent

Webinar: ID# 1023704
Recorded On-Demand
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About This Course:
When looking for the right new hire, how do you determine the right compensation? Hint: Your company or department internal budget is not the answer.

When you’re looking for the perfect fit for your company, so are other businesses in that area. Therefore, you must be ready to compete with those businesses for the best candidate and to do know that your salary offer must be in line with the market rate for the position.

Market rate is defined by WorldatWork as the market competitive salary for a job that represents the average prevailing pay rate for that job in a particular data set.

Your organization’s internal equity should aid in determining salaries within departments but shouldn’t be a benchmark in the hiring process. Overall, internal equity is not a hiring issue, it is a compensation issue.

Join us for an in-depth webinar led by compensation expert Christian Britton. Mr. Britton will discuss strategies to help you determine the right balance between internal equity and market rate.

Learning Objectives:
  • Identify the needs of your organization and employees
  • Establish the role of compensation and the factors that influence it
  • Create and articulate your organization’s compensation philosophy
  • Determine market rate and job value
  • Recognize the difference between market rate and internal equity—and when to consider each in the hiring process
About Your Presenter:

Christian Britton
Partner
Compensation & Leadership Solutions, LLC

Christian Britton has more than 10 years of experience designing and implementing compensation programs for a wide variety of organizations in high technology, government contractors, healthcare, not-for-profit and public sectors. Prior to joining Compensation & Leadership Solutions, LLC, he was a compensation consultant with PRM Consulting Group.
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Market Rates And Internal Equity: How To Strike The Right Balance To Land The Right Talent
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