Why Your Pay Range Model Might Lead to Lawsuits

Thursday, September 30, 2021 at 1pm ET           Duration: 60 minutes

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Structured pay ranges make a lot of sense? If done right, they ensure that salaries are market-based, and they make employees feel they’re being treated fairly. But if done wrong, pay ranges carry major risks, including damaged credibility, retention problems and lawsuits.


WHY ATTEND

Fortunately, there's a way to do them right. This must-attend program will explain the critical components, best practices and guidelines of an effective pay range structure. Our goals: 1) Help you create market-specific compensation levels based on job functions, location and industry; and 2) Protect your company from lawsuits?

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

        Joe Rice is a Director in the Compensation Consulting Division of CBIZ Talent & Compensation Solutions where he leads a team of compensation consultants assisting clients on projects related to organization-wide compensation and total rewards benchmarking and program design.

        Mr. Rice brings broad Total Rewards and Human Resources experience to the practice. Prior to joining the Firm, Mr. Rice managed compensation globally for Energizer Holdings, a global consumer products company. Mr. Rice also worked for Bunge, a global agribusiness company, where he led the compensation function within North America. He began his career with Panera Bread, a fast-casual restaurant chain, where he held roles administering compensation, retirement, and benefits. In all, Mr. Rice’s background includes strategy, design, and execution for an array of Total Rewards programs along with experience supporting acquisitions, divestitures, and corporate restructuring.

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        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)

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