Wage and Salary Administration: Setting Ranges, Determining Merit Increases and Bonuses
Instructor:
Marna Hayden
Product ID: 704220
- Duration: 60 Min
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
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 thirty + years in the field of human resources and has held senior offices in the banking, retail, and service industries as well as serving as an adjunct faculty member at several colleges and universities. She is certified as a senior professional in human resources (SPHR & SHRM-SCP).
More Training By Experts
- No Harassment: No Excuse! How to Prevent Workplace Harassment
- Interviewing and Hiring in Compliance with Federal and State Laws
- Auditing the Human Resource Function
- Risk Management for Human Resources
- ComplianceOnline Virtual Seminar - Auditing and Administrating Human Resource Policies and Practices
Refund Policy
Our refund policy is governed by individual products and services refund policy mentioned against each of offerings. However in absence of specific refund policy of an offering below refund policy will be effective.
Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).
