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Strategies for Handling Pay Compression

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.

Runtime: 87 minutes
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Why Lorman?

Over 32 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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More Program Information

Why Lorman?

Over 32 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 Webinar

This course was last revised on January 30, 2019.

Call 1-866-352-9540 for further credit information.

  • SHRM 1.25
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.25 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 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

Joe Rice

CBIZ, Inc.

  • Manager of compensation consulting in the talent and compensation services practice of CBIZ, Inc
  • More than 13 years of experience in the area of human resources and compensation experience, 10 years of experience working in-house in a corporate HR setting, 3 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 32 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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Product ID: 404426
Published 2019
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Available in Multiple Formats

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