Manage pay compression in your company by creating and implementing effective strategies.
Avoiding pay compression, that is, ensuring there is sufficient spread in pay between employees based on roles, experience, and performance, is a constant struggle. With the current economic environment of low unemployment and rising wages, pay compression is a hot topic. This information will provide you the tools to not only identify and address pay current compression issues, but also how to change your compensation administration to avoid them altogether.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Pay Compression Introduction
- Defining the Problem
- Why It's an Issue
Pay Compression Causes
Analyze Pay Compression
Examples
- Peer to Peer
- Employee to Supervisor
- Dual Career Ladders
Pay Compression Mitigation
- Pay Program Basics
- Merit Matrix
- Setting Pay
- Additional Strategies
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 30, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Joe Rice
CBIZ, Inc.
- Director of compensation consulting in the talent and compensation services practice of CBIZ, Inc.
- More than 15 years of experience in the area of human resources and compensation experience, 10 years of experience working in-house in a corporate HR setting, and 5 years in consulting
- Expertise includes designing market-based compensation programs, linking pay with performance, pay structures and compensation surveys, as well as developing policies and procedures
- Assists clients in the design and implementation of strategic base salary and incentive programs
- Can be contacted at 314-590-4070, [email protected], or www.linkedin.com/in/joericecbiz
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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