Market-Based Compensation in 2012: How to Attract and Retain the Best Employees

Market-Based Compensation in 2012 Webinar Recording

As we emerge from the economic downturn, employees are growing increasingly impatient and restless. They’ve worked hard throughout the recession, often with fewer resources and for less money, and now they want to be rewarded for their loyalty. But for many employers, budgets still remain thin and finding ways to compensate employees is challenging.

And if the unemployment rate decreases as expected, turnover is definitely on the horizon.

With so many employees beginning to look around, it’s more important now than ever to make sure your compensation structure is still competitive. But simply keeping employees happy with their pay isn't enough. The Lilly Ledbetter Fair Pay Act requires you to have documentation noting their fair compensation decisions. Although it's a lot to keep up with, market-based compensation research can serve as evidence of compliance and help avoid costly discrimination claims.

Keep your organization moving forward and your top talent at home -- despite the changing economic climate-- with an effective and competitive compensation plan. 

Participate in this interactive webinar, and you'll learn:

• Key elements of a strong compensation program so you can drive a high-performance culture
• How compensation directly correlates with who you are and what you value as a company
• Ten questions you MUST ask to determine if your compensation is sound
• How to develop an effective reward strategy (Hint: It involves much more than just compensation.)
• Characteristics of good salary surveys
• How to match pay surveys to your compensation philosophy
• Five essential steps to accurate benchmarking
• What to do when your analysis shows an employee is overpaid -- or underpaid
• How to implement your compensation plan, including communications strategies to use with stakeholders and individual employees

This webinar was recorded on Friday, March 23, 2012

Market-Based Compensation in 2012: How to Attract and Retain the Best Employees

About Your Speaker:

Kimberly Keating is the founder and managing director of Keating Advisors. She has extensive experience in broad-based compensation, performance management, and organizational behavior. She has consulted with numerous organizations in designing systems to support their business strategy and build a competitive advantage.