Come prepared to roll up your sleeves and participate in a highly interactive and learning-filled workshop. This is the first of two workshops with part I focused on base pay. You will apply concepts, practices and techniques that will help you create effective, equitable and organizationally aligned compensation programs.
Target Audience: Beginner to intermediate Compensation Professionals; Human Resources Professionals who would like to learn more about compensation fundamentals; Managers responsible for compensation administration and salary determinations
Some of the Covered Topics include: compensation philosophy, base v. variable pay, jobs benchmarking, salary analyses, survey & data selection, pay parameters and salary ranges, positioning employee pay, addressing legal and ethical compliance issues, best & acceptable practices, FLSA and MORE
The Compensation Essentials Workshop Part I will focus on base pay including concepts, best practices and effective tools that will help those responsible for compensation to develop organizationally aligned and legally compliant programs as well as enhance the ability for managers to make fair and equitable employee pay decisions in a variety of situations.
After the session, participants will be able to:
Develop a compensation philosophy applying the four key WorldatWork elements
Define base pay and its distinguishing factors from variable pay
Conduct a salary market analysis for jobs using company information, job descriptions and survey data applying acceptable benchmarking approaches
Develop market aligned salary ranges for benchmarked jobs
Determine application and effective use of salary ranges
Identify key practices and guidelines for inclusion in a base pay compensation program
Assign FLSA job classifications by reviewing job accountabilities and requirements against the FLA classification test
Discuss legal considerations and compliance requirements regarding compensation programs and salary decisions
Make salary determinations in a different situations applying rationale that follow and reflect sound compensation and legally compliant practices
Time: Registration: 8:00am 8:30amWorkshop: 8:30am 4:30am
May 09, 2018
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