Pay Grades that Work: How to Retain Top Talent and Stop Compensation Complaints

Pay Grades that Work 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.

By participating in this interactive webinar, you'll learn:

• The basic objectives of compensation
• The role of your compensation philosophy in driving pay for performance
• Strategies for establishing market competitiveness without paying too much
• Effective, manageable salary structure design concepts
• Step-by-step tips for creating pay ranges and structures using survey data
• How to use your salary structure to maintain competitive compensation rates
• How to apply differentiating pay increases based on performance and range placement
• When and why to update the salary structure to keep it fresh and current
• Guidance on how wide your pay ranges should be, and how to distance the midpoints in your pay ranges
• How to effectively reward your best employees
• Tips for managing the never-ending information flow that can lead employees to complain about their pay relative to what they’re seeing online

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 interactive risk-free

This webinar was recorded on Monday, December 19, 2011

Pay Grades that Work: How to Retain Top Talent and Stop Compensation Complaints

About Your Speaker

David Wudyka, managing principal and founder of Westminster Associates, manages and oversees all company operations, including the design, development, and implementation of all client HR programs. With more than 30 years of professional HR experience, he has a strong interest today in the emerging role of the HR department as a strategic partner. His specialties include human resource analytics, audits of HR operations, employee retention strategies, and group incentive plans.