Compensation: How to Effectively Manage Base Compensation with Pay Grades
Compensation Webinar Recording
Pay grades are a fair, effective way to manage your base compensation rates and keep you competitive within your market. But if you're just starting to implement such a system, you may be confused about where to even begin. You also may find yourself facing employees who don’t fit into the standard pay grades for one reason or another or who have maxed out at their existing pay grade.
You may even have an employee who is pointing to online salary information and claiming she's not getting paid enough -- a position HR professionals are finding themselves in quite often, especially as the economy improves and employees are starting to look around to see what else is out there. Don't lose your top talent to the competition -- learn how to effectively use pay grades to stay competitive and keep your best employees from jumping ship.
Learn how to set up accurate, fair pay grades that form a solid foundation for your entire compensation program.
Participate in this interactive webinar, and you'll learn:
- What you need to make your pay grades successful
- Tips to align your pay grades with a performance management strategy
- How to create hierarchies, scales, and continuums that reflect real conditions in the marketplace
- When to update the salary structure to keep it current and competitive
- How to effectively reward your best employees
- Strategies for effectively using benchmark, total cash compensation, and other data to establish a frame of reference for your positions
- How to fill in the gaps using value criteria for job groupings not readily identified in the marketplace
- Best practices for selling your reward message so it aligns with your organization’s values and operating style
- The role of your compensation philosophy in driving pay for performance
- How to be market competitive without paying too much
In just 90 minutes, you'll learn how to create and troubleshoot pay ranges within your organization -- and retain and energize top talent. Register today!
This webinar was recorded on Tuesday, March 6, 2012
Compensation: How to Effectively Manage Base Compensation with Pay Grades
About Your Speaker:
Dan Kleinman is the principal of Dan Kleinman Consulting, a California-based compensation and human resource consulting firm. For the past 18 years, he has served as an independent consultant for a broad spectrum of regional, national, and international companies, providing compensation, performance, organizational planning, and reward-system design services. Prior to consulting, he spent 20 years in the financial and telecommunication industries, where he managed compensation and benefits departments for Wells Fargo and for subsidiaries of Pacific Bell (now part of AT&T). His last assignment was serving as vice president and manager of compensation, benefits, human resources information systems, and payroll for Charles Schwab.
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.
