Implementing Pay Grades and Ranges: Common Pay Structure Issues
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 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, poli........
Overview
There may be one thing in organizational life no HR or Payroll department wants to get wrong, that is the paycheck of any employee! This webinar does not address payroll processing. It does address how your compensation system is built on a philosophy, designed to achieve specific results from the perspective of recruiting, retaining, and engaging the workforce. Variation in approaches with different job groupings or classifications is possible and even desirable. And how do you keep up to date on your "Pay" package? We will address these and other topics in the webinar.
Why should you attend this webinar?
Do you have complaints about the compensation system, from staff, managers, leadership, HR? Where are the issues coming from and why? Or are you looking for options to make your compensation system more aligned with the market, technology, the environment? This webinar can help you sort through the questions and develop a plan of action for addressing your most critical questions. Why you pay employees what you do and how could be different and lead to improvement in organizational performance.
Areas Covered in the Session:
- Defining the philosophy/philosophies of your compensation system
- The link to performance management
- Environment scans and adjustments
- Defining market competitive pay
- Total compensation defined
- Variable pay options
- Assessing and auditing your current system
- Challenges of alignment
- Roles of managers, employees and HR in the compensation system
- COLA vs. P4P
- Forms/Tools/Communications
- Merit Matrix Models
Who can Benefit:
- HR staff
- Compensation Specialists
- Business Owners
- Board members
- Supervisors/Managers,
- Anyone who has responsibility for compensation system philosophy to administration of payroll.
Webinar Id: LSHCBV001
Past Webinar of Bob Verchota
Past Webinar: Life Sciences and Healthcare
