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Compensation 101

An effective compensation program that supports the overall philosophy of your organization should be internally equitable, externally competitive, and personally motivating to your employees.

This seminar will provide a basic understanding of how to design a compensation program that is fair and competitive, while supporting your organization’s compensation strategy.   We will cover the entire spectrum of compensation planning, applicable laws, job analysis and pricing, compensation structure development, and performance appraisal integration.

Who should attend:

Designed for human resources generalists, compensation specialists, business owners or executives whose daily activity involves compensation decisions. If you have not taken a good look at your entire compensation program in the past five years, you will benefit from this program.

Participants will learn:

• Evaluation of company’s compensation strategy
• How to gather information for job descriptions and analysis
• Writing job descriptions
• Job Evaluation
• How to analyze and apply survey data
• Pay Range design issues
• Types of base pay programs
• How to implement a merit pay program
• Integration of Performance Management process
• About other types of variable and incentive compensation programs 

Program Content:

• Review of legal issues of compensation from FLSA to ADA
• Overview of Business lifecycle as it pertains to company compensation philosophy
• Quiz to reinforce key compensation terminology
• Tools to utilize to obtain necessary job information
• Job Description writing exercise
• Job Evaluation exercise using the National Point Evaluation Plan
• Review of base pay programs with emphasis on merit based plans
• Sample performance appraisals
• Use of AIM salary survey

Program Length:  6 hours

Visit our calendar of events to Register for this program.

CEU Credits:  6 credit hours or .6 CEU's