In Person
Workshop
Compensation Essentials I - Base Pay
Workshop Details
Compensation Essentials I – Base Pay is the first of two stand-alone workshops with part I focused on base pay. You will apply concepts, practices and techniques that will help you create effective, equitable and organizationally aligned compensation programs.
Covered Topics include: compensation philosophy, base v. variable pay, jobs benchmarking, salary analyses, survey & data selection, pay parameters and salary ranges, positioning employee pay, addressing legal and ethical compliance issues, best & acceptable practices, FLSA and MORE …
Greater Des Moines Botanical Garden
909 Robert D. Ray Drive
Des Moines, IA 50309
HR Hotline Associates is recognized by SHRM to offer Professional Development Credits (PDC) for SHRM-CP® or SHRM-SCP® recertification activities.
Topics Include:
Who should attend?
Beginner to intermediate Compensation Professionals; Human Resources Professionals who would like to learn more about compensation fundamentals; Managers responsible for compensation administration and salary determinations.
Facilitators
At the end of this session, participants will be able to:
- Define compensation at its fundamental level providing a historical perspective
- Describe the transactional vs. strategic elements of compensation
- Distinguish base pay from variable pay
- Discuss compensation’s role in total rewards and relationship to employee engagement
- Draft a compensation philosophy applying four key elements as defined by WorldatWork
- Conduct a salary market analysis by market pricing jobs using company information, job descriptions and survey data applying acceptable benchmarking approaches
- Develop market aligned salary ranges for benchmarked jobs
- Determine application and effective use of salary ranges
- Identify key practices and guidelines for base pay compensation administration
- Discuss legislative acts, legal considerations and compliance requirements regarding compensation programs and salary decisions
- Make salary determinations in a variety of situations applying rationale that reflect sound compensation and legally compliant practices
- Develop an on-the-job Action Plan
Register for the Workshop
Due to the cost of set-up and materials, all cancellations must be received no later than 72 hours prior to the workshop or full price will be charged.