Compensation Update: How to Manage Base Compensation with Pay Grades
Compensation Update Webinar Recording
As year-end approaches and HR plans for annual performance evaluations and merit increases, it is essential to understand and recognize marketplace pay for positions within your organization. Changes to the marketplace, both overall and for specific positions, can have a significant impact on your organization’s ability to keep the best and brightest talent.
Examining the marketplace for pay, and then applying that information within your internal salary ranges and merit increase guidelines, will help you focus pay actions appropriately and reward employees commensurate with their performance.
Market competitiveness, both from an individual salary perspective and from an overall salary structure standpoint, needs to be periodically examined to ensure that pay does not become out of line with the marketplace so you can keep your organization competitive.
Participate in this interactive webinar, and you'll learn:
- The four basic objectives of compensation
- How Compensation Philosophy drives pay for performance
- Tips for establishing market competitiveness
- An overview of salary structure design concepts
- How to use the salary structure to maintain competitive compensation
- How to differentiate pay increases based on performance and range placement -- the merit increase matrix
- Best practices for updating your salary structure to keep it fresh
- And more
In just 90 minutes, you'll learn how to create and troubleshoot pay ranges within your organization -- and retain and energize top talent. Register now for this informative event risk-free.
This webinar was recorded on Tuesday, October 23, 2012
Compensation Update: How to Manage Base Compensation with Pay Grades
About Your Speaker:
Diana D. Neelman is a Principal and Senior Consultant with CRI. Ms. Neelman has been with CRI for over 17 years, and has served as one of the firm's Principals since 2000. With over 20 years of collective compensation and human resources experience, Ms. Neelman is responsible for business development and project management in all areas of compensation, consulting to a variety of industries on salary administration, performance management, and incentive compensation, with a specific emphasis on executive and general compensation matters within not-for-profit organizations. Ms. Neelman is also responsible for developing and conducting training programs covering various compensation topics.
The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCIs criteria to be pre-approved for recertification credit.
CREDIT INFORMATION: This program has been approved for 1.5 recertification credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
