Compensation Basics

This full-day interactive course provides a comprehensive exploration of compensation practices, equipping participants with the knowledge and practical skills to create competitive compensation programs for their employees. Through real-world scenarios and hands-on activities, attendees will learn how to develop a compensation philosophy, create data driven pay ranges, and implement consistent compensation practices.

Learning Objectives

· Develop compensation philosophy based on organizational objectives.

· Understand quantitative and non-quantitative job evaluation methods.

· Utilize statistically valid market data resources to determine competitive pay rates and create pay ranges.

· Perform internal and external employee compensation analysis and identify strategies to correct issues.

Target Audience

This course is ideal for:

· Business owners

· HR professionals at all levels (generalists, managers, and executives)

· Supervisors and managers responsible for making compensation recommendations or decisions

Join us to enhance your understanding of compensation and take proactive steps toward creating competitive data driven pay ranges.