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Changing Pay Frequency: What You Need to Know

Establish the most appropriate pay schedule for your business.

Recent labor shortages and the influx of Generation Z into the workforce have created challenges for organizations in how they pay their employees. In addition, rapid minimum wage and FLSA compliance changes have also created pressures on how centralized pay frequency programs are administered. This program will explore all of these issues and provide insights on how best to address these challenges while also providing practical examples of how organizations are responding.

65 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 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

Reasons to Consider Changing Pay Frequency

  • Impact on Financial Planning
  • Compliance With Changing Federal and State Laws
  • Better Consistency in Addressing Employee Job Changes and Meeting the Needs of a Multi-Generational Workforce

Key Questions to Consider Before Making Pay Frequency Change

  • When to Make Such a Conversion
  • How Are Current Compensation and Paid Time off Plans Impacted?
  • Who Will Be Responsible for the Conversion?

Developing a Communication Plan

  • Clarity on What's Changing and Why
  • Identify Who Needs to Know What
  • Utilizing Communication Tools That Will Be Heard

Sample Program Conversion Project Plans and Communication Tools

  • Actual Conversion Project Plan Including All the Steps to Be Followed
  • Actual Communication Plan Used to Roll out the Conversion
  • Actual Human Resource Policy to Support the Pay Frequency Change
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Why Lorman?

Over 37 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 October 19, 2023.

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

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • HR Certification Institute 1.0
     
  • This E-Learning program has been approved for 1.0 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • 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 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

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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Why Lorman?

Over 37 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

Michael F. Maciekowich

Michael F. Maciekowich

Astron Solutions, LLC

  • National Director Astron Solutions LLC
  • 45 years of compensation administration and consulting experience in both industry and consulting.
  • Sought after speaker by state SHRM chapters and employer associations across the country.
  • SHRM & WorldatWork Member. Received Lifetime Achievement Award in Compensation from WorldatWork
  • Bachelor in political science & philosophy, Master’s in industrial Relations both from Loyola University of Chicago
  • Can be contacted at [email protected] and 917-714-0317
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Why Lorman?

Over 37 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.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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Product ID: 410665
Published 2023
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