Compensation Systems: Who Owns It?
Duration : 90 Minutes
Bob Verchota, MHA, SPHR,
Bob Verchota is the owner and senior consultant for RPVerchota & Associates, a consulting firm providing services to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 30+ years in Human Resources senior leadership roles Read more
If there is one thing to get right and keep up to date it is the compensation system or program. And while this is often assigned to key leaders in the organization it is also an area that managers and supervisors must understand and communicate effectively. This course covers compensation management from policy to market survey, job assessment, and pay structures.
Course Objectives:
The program reviews topics including defining benchmark position, point factor analysis, and establishing rate and ranges for placing new hires or incumbents within ranges. Pay equity, both external and internal are critical to maintaining a competitive presence in the marketplace. You will receive examples of some best practices in compensation system design and management.
Course Outline:
You will leave with an understanding of:
• Internal vs. External Equity
• Defining the Market for each Job
• Survey Process and Content
• Data Validity
• Benchmark Job/Positions
• Grades & Ranges (Broad Banding)
• Compa Ratio
• Ranking Positions/Jobs
• Point Factor Analysis
• Slotting
• Assigning Grades
• Special Cases
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
As a basic primer on the topic, this is best for those who are interested in a broad understanding of how compensation systems are developed and maintained to support organizational effectiveness at attracting and retaining high performing staff.
Typical attendees include;
• HR Professionals
• Payroll Professionals
• Human Resources
• Accounting Personnel
• Business Owners
• Lawmakers
• Employee Benefit Professionals
• Supervisors
• Managers
• Controllers
• Planning & Budgeting Professionals
• All positions involved in personnel or payroll administration and the supervision of personnel
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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