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Overview:

Some companies believe that a "Compensation Program" is simply paying employees "a fair day`s wage for a fair day`s work." But knowledgeable Human Resource professionals and practitioners know that there are many advantages to building what is known as a "formal" (i.e. organized, structured, comprehensive) Compensation program. This is a multi-phase process that builds equity (i.e. "fairness") into the program, and that simplifies decision making and administration. But beyond these important advantages, a well-designed Compensation program will provide a competitive advantage when compared to those companies whose Compensation programs are in disarray, and that don't facilitate the attraction, retention and motivation of employees. In this seminar, presented by David J. Wudyka, SPHR, MBA, David will describe the steps and methods for building a formal Compensation program.

Why should you attend? 

You should attend this Seminar if you are responsible for building or re-designing your company's Compensation program. Mr. Wudyka will describe each of six steps for building a formal Compensation program in-depth. You will learn about your options for various design elements that will be compatible with your company's pay philosophy. If employee morale is low, you will benefit by learning strategies that can help to strengthen equity (i.e. fairness) and simplify pay program decisions and administration. When you finish this Seminar, you will have the knowledge that you need to embark upon the design process in your company.

Who Will Benefit:

  • Human Resource Managers
  • Compensation Analysts
  • Compensation Managers, and Financial Managers of HR Departments
  • In smaller companies
  • CEO's and General Managers

Course Outline:

 2 day course will include the following topics

Day One Agenda (9:00 AM – 6:00 PM EDT)

  • The six steps for building a formal Compensation program
  • The study of work: three options for collecting information
  • The most strongly preferred company approach for the "study of work"
  • Writing job descriptions: is there a "standard format"?
  • Why job descriptions are more important than ever before
  • How to build a "fully defensible" pay program
  • Quantitative and qualitative approaches to Job Evaluation
  • How to evaluate all of your company's jobs in just 24 hours!
  • Why can't we just "price" our jobs using pay surveys?
  • How can we get pay data for "non-benchmark jobs"?
  • Why can't we conduct our own pay survey?
  • What is the best kind of Compensation Survey for our company?
  • Why do we need pay ranges??
  • What's the difference between "Broadbanding" and "traditional" pay ranges?
  • How to design pay ranges with the right amount of "overlap"

Day Two Agenda (9:00 AM – 6:00 PM EDT)

  • How to build "Essential Functions" into job descriptions
  • Establishing fair internal pay relationships via "pay planning"
  • How to evaluate the worth of non-benchmark jobs
  • How to price jobs without buying a pay survey
  • How to predict and price the CEO's base pay level
  • Writing job descriptions: is there a "standard format" or "elements"?
  • Why job descriptions are more important than ever before
  • How to build a "fully defensible" pay program (and where that term came from!)
  • How to determine job worth in a hierarchy without a committee
  • How to evaluate all of your company's jobs without a formal job evaluation plan
  • Why you might NOT want to use on-line pay survey data!
  • How do we get pay data when we don't have pay surveys?
  • Why you might want to drop that "Median based" pay analysis approach!
  • What is the best kind of Compensation Survey for our company?
  • "Oh no! There are no promotions anymore when we use "Broadbanding!"
  • Our pay ranges are too close together!” “Our pay ranges are too far apart!"
  • The fallacy about "Cost of Living Increases"

 

Date, Venue and Price:

Location: Las Vegas, NV   Time: 9 AM to 6 PM EDT

Venue: Hilton Grand Vacations Suites at the Flamingo

3575 Las Vegas Boulevard South, Las Vegas, Nevada, 89109-4313, USA

Price: $795.00

Contact Information

Event Coordinator

Toll free: +1-800-385-1627

Fax: 302 288 6884

Email: support@trainhr.com

Don't wait to register for the 2-days In-person Seminar On "How To Build A Formal Compensation And Solving Compensation Program Problems" At Las Vegas. You'll meet influential people and maximize your opportunities for success. Start now by accessing the information below.

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Website: http://bit.ly/144wQD6...
Conference/Event Dates: 11/14/2013 - 11/15/2013
Classification: B2B
Primary Industry: Human Resources
Other Industries: Business, Human Resources
Audience: -Human Resource Managers
-Compensation Analysts
-Compensation Managers, and Financial Managers of HR Departments
-In smaller companies
-CEOs and General Managers
Venue: Hilton Grand Vacations Suites at the Flamingo
Venue Phone: (702) 697-2900
Venue Type: Indoor - Hotel

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Personal Notes

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David J. Wudyka, SPHR, MBA, has been a Professional in the Human Resources field for over 30 years. His experience and education includes:

  • fifteen years as an HR Professional in private sector companies in the Fortune 100, in companies such as Raytheon and United Technologies
  • twenty five years as an independent HR Consultant as Managing
  • Principal of Westminster Associates
  • Certified as a Senior HR Professional by the Society for Human Resource Management
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