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Effective Compensation System: Creating a Sensible Base Pay System that Doesn't Backfire

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Deadline: July 18, 2018 | Date: July 18, 2018

Venue/Country: online event, U.S.A

Updated: 2018-06-11 14:34:07 (GMT+9)

Call For Papers - CFP

Less than half of companies under 100 employees have formal salary structures and only 70% of all U.S. companies have such structures. Yet almost all companies report that they have hard-to-recruit positions and they are vulnerable to loosing top talent. Having a competitive well-designed compensation system has long been a corner stone of employee recruitment and retention and regardless of the economy, it is critical to have a competitive compensation structure that fulfills your company’s goals. This webinar will give you the tools to get started in developing a base pay plan or tune up your current plan. If you aren’t totally clear about the meaning of market pricing, compa-ratio, grades, and ranges, this program is for you. This program presents a broad overview of the philosophy and application of compensation systems.

Areas Covered in the Webinar:

How to put together a well-designed base pay system.

How midpoints, market pricing, and salary grades fit together.

Do you lead or lag the market? What’s your compensation philosophy?

The basics of job analysis and salary grade placement.

What is a compa-ratio and why does it matter?

Methods for moving through the range.

How to build a salary grade system.

Accelerated progression to the midpoint.

Receive model salary grades and ranges.

Keywords: Accepted papers list. Acceptance Rate. EI Compendex. Engineering Index. ISTP index. ISI index. Impact Factor.
Disclaimer: ourGlocal is an open academical resource system, which anyone can edit or update. Usually, journal information updated by us, journal managers or others. So the information is old or wrong now. Specially, impact factor is changing every year. Even it was correct when updated, it may have been changed now. So please go to Thomson Reuters to confirm latest value about Journal impact factor.