How to Set Pay Ranges That Are Fair and Effective

Duration: 60 minutes

You know the challenges that come with managing employee pay. It’s no secret that setting, communicating and changing pay tends to be one of the least favorite tasks of HR pros and managers alike.

To overcome these challenges you may have considered structured pay ranges – but this too carries risk. A pay range system that is improperly structured or mismanaged can lead to catastrophic results.

So how do you know you’ve got it right? What guidelines should you follow to determine how broad or narrow ranges should be? What are the best practices for determining market-specific compensation levels based on job functions, location and industry?

This conference will answer those questions and more. During this 60-minute presentation, our expert speaker will give you the nuts and bolts of how to make a pay range structure work – if you decide such a system is right for your organization.

LEARNING OBJECTIVES

Topics covered in this webinar include:

The market pricing process to determine competitive compensation levels
Steps for implementing market-based pay grades – including how to get line managers to use them properly
The Merit Matrix model and its advantages
A system for providing market-competitive compensation and salary increases over time
Policies and procedures needed for successful, consistent compensation practices
How to handle "market adjustment" increases/decreases that reflect the true market value of a position
Pay compression and what to do about employees who have "maxed out" of their pay range

ABOUT THE SPEAKER

Amber Duncan is a Manager in the compensation consulting division of CBIZ Human Capital Services. Her human resources consulting experience includes planning, designing and implementing innovative compensation and human resources programs. Amber earned her Masters in Business Administration from the University of Missouri – Columbia, is a Certified Compensation Professional (CCP) and Senior Professional in Human Resources (SPHR).

Certification

This program has been approved for 1.0 recertification credit hour through the HR Certification Institute (HRCI) & Society for Human Resource Management (SHRM).

$217.00
Price per connection

What You Get With Each Option

Live Only

Participation in the live upcoming webinar

Recording Only

Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

Live + Recording

Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

Event Value Pack

Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

What You Get With Each Option

Live Only

Participation in the live upcoming webinar

Recording Only

Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

Live + Recording

Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

Event Value Pack

Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

About Webinar Connections

Each purchase is for ONE computer to access the session.
A group may participate in a room together as long as only 1 computer is logged in.
If you need more than one computer to access the webinar, please call customer service at 888-479-2777.
A charge will apply for each connection.

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