Designing Base Pay Programs: What Works!

Webinar: ID# 1001630
About This Course:
Having a solid base pay program is essential to attract and retain both top talent and the many different generations in the workforce today. Additionally, a base pay program that is well-designed and monitored will help to ensure compliance with the many federal and state compensation laws.

Ideally, your pay program will be fair, competitive, and affordable, and will best reward all generations in the workplace. It also is important that your base pay program meets your organization's needs and desired results.

This training session will give you the tips and best practices to meet these goals - and make your base pay program a roaring success!

Learning Objectives:

By attending, you will learn:
  • The purpose of a base pay program
  • How to define company goals and needs
  • Understanding generational differences and desires
  • How to determine "market rates" so that you are not paying too much - or too little
  • Where to begin: plan choice considerations and design options - as well as what works best for each option
  • The different approaches to internal equity and external equity - and how the two fit together in a base pay program
  • Advantages and disadvantages of the equity options
  • The regulatory and legal issues in compensation - as well as actions to take to comply
  • Best Practices for successfully communicating your plan
Continuing Education Credits:

Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.
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