How to Set Pay Ranges That Are Fair and Effective

Duration: 60 minutes

Setting pay plans is a critically important and stressful task for HR Executives, CFOs and other organizational leaders. To make the process manageable, you may have considered structured pay ranges. It’s a sensible idea, but it carries major risks of its own. A pay range system that’s improperly structured or mismanaged can lead to damaged credibility, retention problems, and lawsuits. Fortunately, there's a way to do it right. This must-attend program will explain the nuts and bolts of pay range structure and how to make it work in your organization. (more details below)

* Approved for 1.0 recertification credit hour through HRCI & SHRM.


WHY ATTEND

If your organization decides to move toward implementing structured pay ranges, you’ll likely have many questions that need answers before you act. How do you know you’ve got pay ranges right? What guidelines should you follow to determine how broad or narrow ranges should be? What are the best practices for determining market-specific compensation levels based on job functions, location and industry?

LEARNING OBJECTIVES

Get these answers and more, including:

  • The market pricing process to determine competitive compensation levels
  • Steps for implementing market-based pay grades – including how to get line managers to use them properly
  • The Merit Matrix Model and its advantages
  • A system for providing market-competitive compensation and salary increases over time
  • Policies and procedures needed for successful, consistent compensation practices
  • How to handle "market adjustment" increases/decreases that reflect the true market value of a position
  • Pay compression and what to do about employees who have "maxed out" of their pay range

                                                ABOUT THE SPEAKER

                                                Amber Duncan is a Manager in the compensation consulting division of CBIZ Human Capital Services. Her human resources consulting experience includes planning, designing and implementing innovative compensation and human resources programs. Amber earned her Masters in Business Administration from the University of Missouri – Columbia, is a Certified Compensation Professional (CCP) and Senior Professional in Human Resources (SPHR).

                                                Certification

                                                This program has been approved for 1.0 recertification credit hour(s) through the HR Certification Institute (HRCI) & Society for Human Resource Management (SHRM).

                                                What You Get With Each Option

                                                Live Recording

                                                Live Only

                                                Participation in the live upcoming webinar

                                                Recording

                                                Recording Only

                                                Full MP4 recording of webinar, including Q&A (digital download).

                                                Live and Recording

                                                Live + Recording

                                                Participation in the live webinar + Full MP4 Recording (digital download).

                                                Event Package

                                                Event Value Pack

                                                Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. (digital download)

                                                What You Get With Each Option close

                                                Live Recording

                                                Live Only

                                                Participation in the live upcoming webinar

                                                Recording

                                                Recording Only

                                                Full MP4 recording of webinar, including Q&A (digital download).

                                                Live and Recording

                                                Live + Recording

                                                Participation in the live webinar + Full MP4 Recording (digital download).

                                                Event Package

                                                Event Value Pack

                                                Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. (digital download)

                                                About Webinar Connections close

                                                Each purchase is for ONE computer to access the session.
                                                A group may participate in a room together as long as only 1 computer is logged in.
                                                If you need more than one computer to access the webinar, please call customer service at 888-479-2777.
                                                A charge will apply for each connection.