The TrainHR Course is approved by HRCI and SHRM Recertification Provider.
Overview:In this webinar we will build a pay structure, starting from hypothetical pay survey data.
Why should you Attend:Learn how to build a pay structure without regression analysis. This technique is not only easier, but it possesses an advantage that regression techniques don't possess. Specifically, pay lines can be created and manipulated that consider the importance of various job classifications to the organization. The result will be that you will understand the method for doing so, and will be better able to explain what you have done, and what it means, to others in your organization.
Areas Covered in the Session:
What data to use from pay surveys you possess
The importance of benchmark jobs and their associated data
How much survey data to use for building the pay structure
What a "weighted average" is
What to use as a measure of the pay range midpoint: "weighted averages" or "medians"?
The value of on-line pay data: is it quality data?
How wide pay ranges should be
The ideal range for "midpoint to midpoint spreads"
What the "seed data" should be for the development of pay ranges
How to test and integrate your employee pay rates into the new pay structure
How often to update your pay structures
Who Will Benefit:
Human Resource Managers
Compensation Analysts
Compensation Managers
Financial Managers of HR Departments
Instructor:
David J. Wudyka, MBA, is the Managing Principal of Westminster Associates of Wrentham, MA (www.westminsterassociates.net). He has over thirty years experience as a Human Resource Consultant with a specialty in Compensation Consulting. David has taught extensively in colleges and universities such as UMass Boston, Bryant University, and the U.S. Coast Guard Academy. David is especially interested in how the HR Dept. can strengthen its role as a Strategic Partner in businesses today. He is writing extensively about how to improve pay transparency and to reduce the gender pay gap in ways that make sense for businesses of all sizes.
Event link: https://www.trainhr.com/webinar/-702440LIVE?channel=ticketleap-june_2019_SEO
Contact Details:
NetZealous LLC, DBA TrainHR
Phone: +1-800-385-1627
Email: [email protected]