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What Every HR Professional Needs to Know about Total Compensation

Topic:
What Every HR Professional Needs to Know about Total Compensation
Date:
December 3, 2012 at 11:00 - 12:00 PM ET
Presenters:
Diana Southall, President & Total Rewards Consultant(HR Foundations Inc)
webcastImgVirtual
Description
Total compensation is typically over two thirds of an organization’s budget, yet compensation practices are seldom reviewed or measured for effectiveness. Employee engagement and other research has clearly identified that having a clear total compensation strategy, appropriate practices and especially effective employee communication are important elements in a portfolio of rewards to attract, retain and engage employees.

Many organizations struggle with compensation related issues, such as how to: achieve internal equity in their pay plans and practices, motivate and reward employees with rising benefit costs and shrinking payroll budgets, and contend with richer competitors for key talent. Most HR departments also do not regularly evaluate important metrics to determine current compensation hot spots and proactively address future external or internal issues.

This presentation will cover the various elements total compensation, key compensation policy and design decisions, and how these can be customized for your organization to achieve your strategic goals and within your budget.

The four total compensation elements (including base salaries, incentives and employee benefits) will described as well as typical benefits programs (health insurance, retirement plans, time off, life and disability insurance)and their usage and impact on employee satisfaction and engagement.

Learn the key issue and decisions you should make to design a total compensation plan, to achieve goals of internal consistency, market competiveness and rewarding desired performance to align employee results with strategic and tactical goals for your organization. The presentation will outline the typical change in pay methods and variable pay options and the advantages and drawbacks of each method, and how to move to or improve pay for performance.

At the end of this session, you should understand the basics of total compensation, how to evaluate the effectiveness of your current practices, and how your organization can better use its resources to attract and retain talent.
Who Should Participate
This webinar is designed as a refresher for senior HR professionals, as well as an introduction for other HR professionals with limited compensation and benefits experience. This session was modeled on an MBA level compensation course outline— get the overview of key issues in one hour.
What You Will Learn
  • What compensation and benefits elements work together to create the total compensation package
  • Key issues and decisions in compensation plan design (to achieve the four main goals)
  • Overview of and importance of major employee benefit plans (health insurance, retirement plans, time off, life and disability insurance
  • Role and elements of compensation strategy and how to align with organizational strategy and market forces
  • How to achieve internal consistency, external competitiveness, and recognize desired employee contribution
  • What is pay for performance and how do you achieve it
  • Key total compensation analytics and performance indicators every HR department should evaluate
Recommended Resources
This webinar is designed as a refresher for senior HR professionals, as well as an introduction other HR professionals with limited compensation and benefits experience. This session was modeled on an MBA level compensation course outline—get the overview of key issues in one hour.
Communities
Benefits
Compensation
Human Resources Management
Compensation Measurement, Reporting and Analysis
Compensation Planning and Management
Job analysis, Evaluation and Grading
Pay Strategies
Presented by
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Diana Southall
HR Foundations Inc

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HR Foundations Inc
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File List
Feedback
Name Comment Rating
Image of Margaret Peters Margaret Peters
SunGard Data Systems Inc.
4 / 5
Very Good Presentation
Image of Heather Boccanfuso Heather Boccanfuso
The College Of New Jersey
4 / 5
Very Good Presentation
Image of Sally Larrabee Sally Larrabee
Process Control Outlet Inc
5 / 5
Excellent Presentation
Image of Tanya Morgan Tanya Morgan
Conair Group Inc
5 / 5
Excellent Presentation
Image of Kristal Morales Kristal Morales
CFE Management Group, LLC
5 / 5
Excellent Presentation
Image of Constance Portis Constance Portis
Pennsylvania Auditor General
5 / 5
Excellent Presentation
Image of Ed Gorenak Ed Gorenak
Bramalea Community Health Centre
3 / 5
Good Presentation
Image of Anne Del Pilar Anne Del Pilar
Vivaldi Partners
5 / 5
Excellent Presentation
Image of Angie Standefer Angie Standefer
Alton Steel Inc.
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Jane Little Jane Little
The Source
4 / 5
Very Good Presentation
Image of Carolyn McCormick Carolyn McCormick
Culligan International Company
4 / 5
Very Good Presentation
Image of Michael Strand Michael Strand
HR Dynamics, Inc.
4 / 5
Very Good Presentation
Image of Cassie Irish Cassie Irish
Multisorb Technologies
4 / 5
Very Good Presentation
Image of Jackie Hock Jackie Hock
Dealer Tire LLC
4 / 5
Very Good Presentation
Image of Donald Sabathier Donald Sabathier
Sabathier & Associates
5 / 5
Excellent Presentation
Image of Barbara Miller Barbara Miller
Broward County Housing Authority
5 / 5
Excellent Presentation
Image of James Easter James Easter
Cdw Corporation
3 / 5
Good Presentation
Image of Kathryn Kraefft Kathryn Kraefft
Wingstop Restaurants, Inc.
4 / 5
Very Good Presentation
Image of Judith Desembrana Judith Desembrana
PricewaterhouseCoopers LLP
4 / 5
Very Good Presentation
Image of Oxana Osipova Oxana Osipova
Unemployed
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Jolynn Smith Jolynn Smith
Carmanah Technologies
4 / 5
Very Good Presentation
Image of Charles Spinnato Charles Spinnato
Sprint Nextel Corporation
5 / 5
Excellent Presentation
Image of Kathleen Ketcha Kathleen Ketcha
BioClinica, Inc.
4 / 5
Very Good Presentation
Image of Tameka Cogdell Tameka Cogdell
Didlake, Inc
4 / 5
Very Good Presentation
Image of Samantha Cooper Samantha Cooper
Buffalo Wild Wings
4 / 5
Very Good Presentation
Image of Tanya Butler Tanya Butler
Si Group Inc
3 / 5
Good Presentation
Image of Vicki Costello Vicki Costello
University Of South Florida Physician Group
5 / 5
Excellent Presentation
Image of Lori Palmeri Lori Palmeri
National Jewish Health
3 / 5
Good Presentation
Image of Katherine Naranjo Katherine Naranjo
Matthews Benefit Group, Inc
5 / 5
Excellent Presentation
Image of Kelly Minor Kelly Minor
Regions Bank
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Sherry Swaggart Sherry Swaggart
Newark Electronics
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Elise Luber Elise Luber
Uni-Select USA
5 / 5
Excellent Presentation
Image of Amy Beeson Amy Beeson
Essex Property Trust Inc.
5 / 5
Excellent Presentation
4 / 5
Very Good Presentation
Image of Jay Liwanag Jay Liwanag
Noblis, Inc.
3 / 5
Good Presentation
Image of Gary Iscoe Gary Iscoe
Steinger, Iscoe & Greene, PA
5 / 5
Excellent Presentation
Image of Yelenia Almarales, MPA, SPHR Yelenia Almarales, MPA, SPHR
Florida International University
5 / 5
Excellent Presentation
Image of Charlene Pedro Charlene Pedro
Chrysalis ConsultInc
A well-delivered presentation which provided a comprehensive overview of compensation structures. Very informative. 4 / 5
Very Good Presentation
Image of Lisa Stefanie Lisa Stefanie
TripleTrack HR Partners - Go the Distance!
Appreciate the opportunity to learn more about this very important business topic. Speaker was excellent! 4 / 5
Very Good Presentation
Image of Ca-rin Miles Ca-rin Miles
Buffalo Niagara Partnership
Diana Southall is a great public speaker and knows her topics well which makes it easier to convey this information to an audience. This was an excellent topic and I would like to research more information since we have a few associates who share some of these concerns. Overall Diana touched based on a lot of the pertinent info within an hour and answered questions too. I would like a copy of the slides to share with my supervisor and senior management. 5 / 5
Excellent Presentation
Image of LaWanda Morris LaWanda Morris
BBVA Compass - Corporate
5 / 5
Excellent Presentation
Image of Roger Rosas Roger Rosas
Human Resource Professional
Outstanding presentation! Thank you. 5 / 5
Excellent Presentation
Thank you! 5 / 5
Excellent Presentation
very good presentation... kind of fast through topics but took the time to answer questions. i feel that i have enought information to move forward with my organiztiona's compensation analysis. i had basic knowledge before but needed a refresher and examples and this was perfect! thank you!! 5 / 5
Excellent Presentation
Image of Joy Dettorre Joy Dettorre
IBM Corporation
Very good session! Great topic! 4 / 5
Very Good Presentation
Image of Miriam Berger Miriam Berger
A Hire Authority

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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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