Need more options? Click Here for Advanced Search!

Pay Grades and Job Value: How to Create a Compensation Program to Remain Competitive - On-Demand

Pay Grades and Job Value: How to Create a Compensation Program to Remain Competitive - On-Demand

Product Code: YHWA022620A

Availability: In stock

Internet Special:
Add Items to Cart

Pay Grades and Job Value: How to Create a Compensation Program to Remain Competitive - On-Demand

Webinar now available On-Demand.

WEBINAR SNAPSHOT: Learn how to best organize a compensation program using job value and pay grades.

With the onset of 2020, compensation professionals are likely reviewing pay ranges and thinking about job re-evaluation. Perhaps it is also time to review internal equity, or to add variable pay systems into the total reward compensation mix. You might be hoping that a change in your pay grade structure will result in maximizing employee productivity, and the retention of top talent.

Whether you want to reward performance, time, knowledge, skills, or competencies, determining pay grades is the first step to create an equitable, competitive compensation system. Without accurate pay grade determination, and accurately establishing pay ranges, it doesn’t matter how good your pay survey data is. Your current compensation can be too high or too low.

Determining pay rates for certain jobs is a balancing act that should be revisited regularly to create a great compensation program that meets your organization’s needs and that keeps and attracts the best employees.

Use this on-demand webinar to learn how to create an equitable, competitive compensation system. You’ll get vital tips on how to piece together the compensation puzzle, resulting in the best outcomes.

After attending this webinar, you’ll be able to:

  • Recognize how to determine job grades in preparation for creating or revising a pay structure
  • Discern how pay structures are built, with examples of different methodologies, including variable pay
  • Determine when to pay above (or below) the market—and when it makes sense to pay out of range
  • Identify how pay grades influence performance/merit pay programs
  • Address pay discrepancies and inequities without creating legal liability
  • And more!

About Your Presenter

Dave Wudyka

David Wudyka, MBA, BSIE
Managing Principal
Westminster Associates

David Wudyka, MBA, BSIE, 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 thirty years of professional HR experience, he has a strong interest today in the increasingly emerging role of the HR department as a strategic partner, employee retention strategies, and group incentive plans. Wudyka was one of the first 200 people in the U.S. to be certified in the field of Compensation by the former American Compensation Association. He teaches the HR Certification Program at UMass Boston.

Prior to starting Westminster Associates as a full-time business in 1988, Wudyka was an internal International and Domestic Compensation Consultant at Raytheon's Corporate Headquarters, formerly of Lexington, MA. He received an MBA in Organization and Management from Syracuse University, and is a graduate of the University of Rhode Island's College of Industrial Engineering where he received his B.S. degree in Industrial Engineering.