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Topic:
Trends in Compensation and Best Practices in the Current Economy
Date:
June 11, 2012 at 1:30 - 2:30 PM ETPresenters:
Ed Rataj, Director(CBIZ Human Capital Services)
Register for the Virtual Conference to obtain webcast schedule and registration access by clicking on the 'view event' button below.
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Description
Organizations nationwide seek to continuously improve performance and motivation while simultaneously reducing costs. This arduous task often becomes the responsibility of Human Resources. Without effective systems in place and data available, employee compensation can run counter to efficiency and performance objectives set by the organization. Learn how market-based pay structures can help your organization remain competitive, administer compensation fairly and easily, and allocate limited financial resources where they are needed most. Discuss compensation economics and the impact of regulations on the market equilibrium. Share offensive and defensive strategies for maintaining employees through the economic recovery and taking advantage of recruiting opportunities through top grading.
In this presentation, we will: - Explore turnover in the rebounding economy: discuss common perceptions and reality of unemployment, as well as projected turnover in the economic recovery - Examine compensation economics 101: review willing buyer/ willing seller compensation equilibrium and artificial caps and thresholds created through regulatory environment - Offensive and defensive strategies: pay for performance, top grading, total rewards statements (base pay, incentives, value of benefits, etc.), communications, sales pay, option re-pricing - Review steps for designing a market-based compensation system: best practices for compensation philosophy, job documentation, selecting data, market analysis, designing pay structures, financial impact analysis, and assessing the state of the compensation program - Recognition and sustaining high performance through a merit matrix: review concept, market-competitive pay increase data, sample merit matrix model including conservative, typical and aggressive models along with sample results, graphs and employee by employee analysis - Answer attendee questions regarding the presentation |
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Who Should Participate
HR professionals, chief financial officers and any management team members interested in compensation program design
What You Will Learn
During the webinar, Ed Rataj will guide participants through the following:
- Overview of compensation economics
- Offensive and defensive strategies for current economic times
- Best practices in compensation program design
- Merit matrix approach overview
Recommended Resources
Mr. Rataj is frequently quoted in major news publications as a compensation expert. Following is a sample of his presentations and resources:
Guest Lecturer – “Reasonable Compensation in Closely-Held Companies” – Washington
University Masters Program April 7, 2010.
Guest Lecturer – “Sales Compensation” – Washington University Masters Program,
March 25, 2009.
Presentations
“Compensation Strategies” - Minnesota Society for Human Resource Management
(SHRM) conference - December 12, 2006. Also delivered to the Women’s Professional
Organization on May 10, 2007.
“Creating and Using a Salary Increase Matrix” – Lorman Education Services, November
12, 2007. Also delivered on June 10, 2008 and February 3, 2010.
“Creative Compensation Strategies” – Moderator, The Entrepreneurship Institute,
February 1, 2007.
“Government Contractor Compensation Issues and Audits” – Association of Government
Accountants - San Diego – April 10, 2007 and December 10, 2008.
“Guide to Fair Pay Compliance & Best Practices” – Webinar, December 15, 2009 (copresented
with Priya Kapila).
“How Top CFOs Set Pay Ranges the Right Way” - B21 Publishing via webinar - October
31, 2007. Also delivered under different titles on June 3, 2008 and January 12, 2010.
“Incentive Pay Plan Blunders That Can Cost You a Fortune” – B21 Publishing via
webinar – February 6, 2008 (co-presented with Kevin Nussbaum). Also delivered on
August 6, 2008.
“Nonprofit Guide to Navigating Intermediate Sanctions” – Webinar, July 7, 2009 and
August 5, 2009, CPE Credit Eligible.
“Paid Time-Off Banks: Can They Save You Time, Money, and Headaches?” – B21
Publishing via Webinar, September 23, 2009 (co-presented with Kevin Nussbaum). Communities
Compensation
Human Resources Management Performance Management Pay For Performance Compensation Trends Compensation Measurement, Reporting and Analysis Compensation Planning and Management Compensation Modeling and Forecasting Incentives, Rewards and Recognition Job analysis, Evaluation and Grading Pay Strategies Salary Survey Planning and Management Pay for Performance Planning and Management Compensation Surveys Compensation Salary Surveys Skill/Competency Based Pay Pay for Performance Base Pay |
Presented by
Event Sponsors
CBIZ Human Capital Services
CBIZ's team of human resources experts offers a comprehensive range of employment services that include benefits, compensation, human resource advisory and training, human resource outsourcing, and recruiting to help you maximize the effectiveness of your organization's greatest asset - your people
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Did you know that each one-hour webcast is submitted to qualify for HR Certification Institute recertification credits? The archive of the webcast also qualifies recertification credits, for one (in some cases two) year(s) after the original broadcast. You can get your PHR, SPHR, GPHR and credits all without ever leaving your desk. We know how busy today's successful HR professionals are, which is why we're committed to delivering the best education to you in an easy and entertaining format. For more information about certification or recertification, please visit the HR Certification Institute homepage at www.hrci.org
"The use of this seal is not an endorsement by HR Certification Institute of the quality of the program. It means that this program has met HR Certification Institute’s criteria to be pre-approved for recertification credit."
WorldatWork Society of Certified Professionals. Recertification credit for this event applies to the Certified Compensation
Professional (CCP®), Certified Benefits Professional® (CBP), Global
Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®),
Certified Executive Compensation Professional (CECP™) and Certified Sales
Compensation Professional (CSCP™) designations granted by WorldatWork
Society of Certified Professionals.
Recertification credit for this event can be taken by entering it into your online WorldatWork Society recertification application and entering the program date, title and length. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatworksociety.org/recertification.
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