If there is one thing to get right and keep up to date it is the compensation system or program. And while this is often assigned to key leaders in the organization it is also an area that managers and supervisors must understand and communicate effectively. This course covers compensation management from policy to market survey, job assessment and pay structures. The program reviews topics including defining benchmark position, point factor analysis, and establishing rate and ranges for placing new hires or incumbents within ranges. Pay equity, both external and internal are critical to maintaining a competitive presence in the market place.
You will receive examples of some best practices in compensation system design and management.
Outcomes and Areas Covered:
You will leave with an understanding of:
Who should Attend:
As a basic primer on the topic this is best for those who are interested in a broad understanding of how compensation systems are developed and maintained to support organizational effectiveness at attracting and retaining high performing staff. Typical attendees include;
If there is one thing to get right and keep up to date it is the compensation system or program. And while this is often assigned to key leaders in the organization it is also an area that managers and supervisors must understand and communicate effectively. This course covers compensation management from policy to market survey, job assessment and pay structures. The program reviews topics including defining benchmark position, point factor analysis, and establishing rate and ranges for placing new hires or incumbents within ranges. Pay equity, both external and internal are critical to maintaining a competitive presence in the market place.
You will receive examples of some best practices in compensation system design and management.
Outcomes and Areas Covered:
You will leave with an understanding of:
Who should Attend:
As a basic primer on the topic this is best for those who are interested in a broad understanding of how compensation systems are developed and maintained to support organizational effectiveness at attracting and retaining high performing staff. Typical attendees include;
Bob Verchota is owner and senior consultant for RPVerchota & Associates, a consulting firm providing services to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 30+ years in Human Resources and Operations senior leadership roles and teaching both undergraduate and graduate courses in Leadership and Organizational Development, Bob transitioned to using his experience and skills in consulting.
Mr. Verchota provides solutions to companies for a wide variety of HR issues including training and development, compensation, compliance, policy development, performance management, employee relations and managing change from mergers and acquisitions or project specific disruptions of the status quo.
