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 and financial executives. 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

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                      Participation in the live upcoming webinar

                      Recording

                      Recording Only

                      Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

                      Live and Recording

                      Live + Recording

                      Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

                      Event Package

                      Event Value Pack

                      Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

                      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. Choose digital download or CD-ROM by mail.

                      Live and Recording

                      Live + Recording

                      Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

                      Event Package

                      Event Value Pack

                      Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

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