Wage and Salary Administration: Setting Ranges, Determining Merit Increases and Bonuses

This training program will concentrate primarily on establishing a philosophy and program for salary administration that will be in alignment with your organization’s business strategy, be understandable to management and employees and compliant with applicable labor laws.

Why Should You Attend:

Designing, communicating and maintaining an equitable program is a major component in retaining a motivated workforce. Too often complicated methods of salary administration lead to confusion and misunderstanding. In most organizations, salary ranges are based on the market and benchmark positions, adjusted to provide for internal equity and to match specific position descriptions. In most cases a straight forward merit program works well. It is also more easily defended when questioned either by employees or authorities.
Starting with your company’s philosophy of pay in relationship to the market, and the objectives you have established for your compensation program, we move to the practical design and implementation of a market-driven program. This course will give participants a basic program which they can maintain and administer and also a program to which they can add more sophisticated compensation plans, such as bonuses, incentive plans or goal achievement rewards, if they choose.

Areas Covered in the Webinar:

Determining a salary administration philosophy and policy
Selecting external salary surveys
Matching jobs for internal equity
Calculating salary ranges and levels
Setting minimums, midpoints and maximums for your ranges
Integration of salary administration with a merit pay system
Considering bonuses, incentives and other reward programs
Marketing total compensation program to your employees
Complying with applicable labor laws

Who Will Benefit:

Chief Human Resource Officers and other HR Professionals
Compensation Managers
Employment Managers and Recruiters
Affirmative Action Officers
Auditors

Instructor Profile:

Marna Hayden is founder and president of Hayden Resources Inc., a consulting firm that specializes in providing management and human resources services to small and mid-size businesses and nonprofits, and specialized services and training to larger organizations. She has over thirty years’ experience in the field of human resource management having held senior offices in the banking, retail, and service industries and served as an adjunct faculty member at several colleges and universities. She is certified as a senior professional in human resources (SPHR) by the Human Resources Certification Institute and as a senior certified professional (SHRM-SCP) by the Society for Human Resource Management.

Note: Use coupon code and get 10% off on registration, Valid till Dec 31st 2015