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|Date / Time:
|| Audio Conference
||HR leaders aiming to develop and maintain pay ranges for positions within their organizations face a bit of a Goldilocks problem:
How, then, to get pay ranges just right?
- Too narrow, and the pay ranges do not allow the organizations to reward long-tenured staff, nor high performers within the role
- Too broad, and the pay ranges provide very little practical support for a compensation philosophy
- Worst of all, having no ranges at all can lead to difficulty attracting top talent, or overpaying (sometimes dramatically) individuals who stay in the same job for many years
Best practice recommends building ranges from a market-centered midpoint. In this training session, you learn how organizations can use market data to update or create market ranges.
We'll discuss the choices available for selecting a competitive market set for benchmarking against, choosing benchmark positions (and slotting the rest), timing of updates to ranges, and analysis and trouble shooting for "hot" jobs that fall outside of the range.
You'll come away from this event with the information you need to update or create market ranges in your organization.
By attending this session, participants will learn to:
About Your Speaker
- Identify appropriate sources of market data
- Select an appropriate "market set" for utilizing market data
- Choose benchmark positions and how to slot non-benchmark positions into their structure
- Determine options and considerations for timely updates to market data and ranges
- Develop strategies for dealing with "hot" jobs that fall outside of internal ranges
Stacey Carroll, SPHR, CCP, is a frequent speaker on HR & Compensation topics. She is a Director at Payscale and has worked in Human Resources for such companies as Nordstrom, Trendwest Resorts, CH2M Hill, and Western Washington University.
PHR / SPHR Re-Certification
This audio conference is approved for 1.5 hours of HRCI credit.
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.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:
||Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.
The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
|Licenses / Designations / Educational Credits:
||PHR / SPHR Re-Certification Credits
All US States: 1.5
|About The Provider:
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