This class provides an overview of typical compensation planning and administration practices. Topics include setting the strategic level of pay suited to growing and sustain the business; measuring internal equity; measuring market; addressing service time and performance impacts on pay; legal/regulatory issues associated with pay, the right mix of base and variable pay; and development of pay budgets.
Who Should Attend
- Line managers with hiring and/or pay recommendation responsibility
- HR generalist with business line support responsibility and/or compensation as a secondary focus
- Executives with an interest in a discussion of strategy and an overview of mechanics
Learning Objectives
After completing this class you will be able to describe the process of administering pay and be able to explain pay administration concepts to subordinates during salary and wage discussions.