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Market-Based Pricing: How to Use Market Data to Set Salary Ranges and Retain Top Talent

Market-Based Pricing: How to Use Market Data to Set Salary Ranges and Retain Top Talent

Product Code: YHWA011718

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Market-Based Pricing: How to Use Market Data to Set Salary Ranges and Retain Top Talent

Live Webinar: Wednesday, January 17, 2018

1:30 p.m. to 3:00 p.m. Eastern/10:30 a.m. to 12:00 p.m. Pacific


WEBINAR SNAPSHOT: Learn how to use market data to determine salary ranges.


 

Determining the correct market rate for your best talent is a tall order. If you’re underpaying an employee, he or she may move on. Overpay, and you’re throwing cash out the window, but finding the best market data to assess and establish your pay rates can go a long way toward helping keep your organization running productively. 

If your salary ranges fall within market parameters, you can be more confident in your ability to attract and retain high-quality workers. It can be tricky, however, to find and accurately interpret the salary survey information you need.

This all sounds good on paper. But as an HR professional, getting the mandate to shift your pay structure to one that’s market-based can be intimidating. It doesn’t have to be, though.

Join us on January 17 when Tim O’Rourke, CEO of Matthews, Young—Management Consulting, will show you how to use market data to improve hiring and retention, what data is most effective to use (and what could get you into trouble), how best to structure your salary surveys, and how to balance competitiveness with reasonable pay.

In just 90 minutes you’ll get vital information on how to use market data to your best advantage to attract and retain the top employees needed for your organization’s success! 

You’ll learn: 

  • Why it’s essential to use market data to determine salary ranges 
  • How market-based pay structures are different from traditional, broadband or step structures—and why you should consider one 
  • How to make sure your job descriptions are up-to-date, and when you need to re-evaluate jobs 
  • How to select market data surveys using the position you’re determining the salary for, the size and location of the company you want to compare, and more 
  • How to facilitate buy-in from management and staff 
  • How to pay employees relative to the salary ranges 
  • And much more! 

About Your Presenter

J. Timothy O’Rourke 
Chairman, President and CEO 
Matthews Young—Consulting 

J. Timothy O’Rourke is the current Chairman, President and CEO of MATTHEWS, YOUNG — MANAGEMENT CONSULTING. Mr. O’Rourke has held management positions in Systems/Programming, Operations Research, Human Resources, and Marketing. He has also chaired Marketing, Operations, and Asset/Liability Management Committees with banks. In addition, Mr. O’Rourke has completed the North Carolina Bankers Association’s Advanced Management Program, and has received the American Compensation Association’s Certified Compensation Professional designation. He has published numerous articles on banking subjects and frequently speaks at financial institution forums.

He is a specialist in strategic planning, organizational design, management by objectives systems, executive compensation, salary administration, management incentives, and executive search and outplacement. In 1984, he joined MATTHEWS, YOUNG — MANAGEMENT CONSULTING to help executives grow their earnings and expand in size. Since 1998, as a Senior Principal, he has been responsible for delivery of all strategic, compensation, and search services to financial institutions. In this role, he managed compensation surveys, built an integrated database of salary information, and developed salary administration computer models for microcomputers, as well as salary administration, performance appraisal, and bonus and incentive compensation systems. Mr. O’Rourke continues to focus his attention on the strategic management of clients’ human assets. He is often called upon to speak on compensation issues, and conducts numerous strategic planning programs. 


Have a specific question related to the topic of this audio conference? Post it here and get an answer during the event, time permitting, or in a follow-up e-mail from the audio conference presenter. This is only available to audio conference registrants.

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