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Fundamentals of Creating Pay Structures (HRM551V)

Presented By : Wes Pruett
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Webinar
90 minutes
  •  Wed, May 6, 2015
Event Description
See the sneak peek before you buy!
 
1.5 Credits

Learn to Develop a Competitive Employee Compensation Plan to Increase Recruitment, Retention and Productivity.

Less than half of companies under 100 employees have formal salary structures and only 70% of all U.S. companies have such structures. Yet almost all companies report that they have hard-to-recruit positions and they are vulnerable to loosing top talent. Having a competitive well-designed compensation system has long been a cornerstone of employee recruitment and retention, and regardless of the economy, it is critical to have a competitive compensation structure that fulfills your company's goals.

This webinar with expert Wesley Pruett will give you the tools to get started in developing a base pay plan or tune up your current plan. If you aren't totally clear about the meaning of market pricing, compa-ratio, grades and ranges, this webinar is for you. Wesley will present a broad overview of the philosophy and application of compensation systems. You will receive program handouts and sample pay grade with variable ranges.

Training Objective

  • How to put together a well-designed base pay system.
  • How midpoints, market pricing, and salary grades fit together.
  • Do you lead or lag the market? What's your compensation philosophy?
  • The basics of job analysis and salary grade placement.
  • What is a compa-ratio and why does it matter?
  • Methods for moving through the range.
  • How to build a salary grade system.
  • Accelerated progression to the midpoint.
  • Receive model salary grades and ranges.

Who should attend

This program is directed primarily at compensation and HR professionals or individuals responsible for designing and implementing compensation programs or for leaders interested in having a better understanding of compensation systems.

About Our Speaker(s)

Wes Pruett, Hr Regulations ExpertWes Pruett
Wes Pruett is the owner of HR Advisors LLC, a consulting practice that provides service to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 20 years in senior leadership within the Mayo Health System, he founded HR Advisors. Mr. Pruett provides... More info

 
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    Event Title: Fundamentals of Creating Pay Structures
    Presenter(s): Wes Pruett

 
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