Ankeny Kirkendall Library, 1250 SW District Drive, Ankeny, IA
HR Hotline Associates is recognized by SHRM to offer Professional Development Credits (PDC) for SHRM-CP® or SHRM-SCP® recertification activities.
Come prepared to roll up your sleeves and participate in a highly interactive and dynamic learning experience. Compensation Essentials I is focused on base pay. You will apply concepts, practices and techniques that will help you create effective, equitable and organizationally aligned compensation programs.
Topics include compensation philosophy, base v. variable pay, job benchmarking, salary market analyses, survey & data selection, acceptable pay parameters and market-priced salary ranges that will guide you in the positioning of employee pay, assessing legal and ethical compliance issues, applying best & acceptable practices, FLSA classifications and MORE …
Who should attend? Beginner to intermediate Compensation Professionals; Human Resources Professionals who would like to learn more about compensation fundamentals; and Managers responsible for compensation administration and salary determinations.
As a participant, you will receive a participant guide, a full set of the workshop slides, along with additional handouts and tools for you to use on the job.
Julie Caspar is founder and President of HR Hotline Associates. She has over 35 years working as a human resource professional and executive in the U.S. and internationally, while today providing HR and compensation consulting services to organizations around the country. Julie, in addition to managing her company, is a current faculty member at Iowa State University in the Ivy College of Business and former faculty member at Drake University, teaching compensation and benefits among other HR topics to undergraduate and graduate students.
Mollie Frideres is founder of MFS Consulting (About MFS Consulting) with over 25 years’ experience in Human Resources, working in professional and leadership positions. Mollie earned her B.S. in Psychology and Masters of Business Administration from Iowa State University. Mollie is also an adjunct professor at Des Moines Area Community College teaching Human Resources.
Workshop Learning Objectives
· 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
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.
Come prepared to roll up your sleeves and participate in a highly interactive and learning-filled day that will help you better understand the science and the art of compensation, advancing your compensation capabilities and the organization’s ability to attract, retain, motivate, and engage.
