Market Areas > Human Resources > Pay Ranges

Developing Salary Ranges: Your Practical Guide to Using Pay Grades Right

Course Description:

How can you use your pay grade system to develop salaries and pay ranges that are 1) competitive, 2) perceived by employees as fair, and 3) easy to administer?

Join CCM in this practical audio program for an up-to-date guide on how to use pay grades to manage base compensation at your organization. You’ll learn how to transform your company’s pay grades from a pesky limitation, into a useful tool.  You’ll also get important details you can use to develop or fix your internal pay grades.  Plus, you’ll find out how to deal with “red-circle” and “green-circle” employees (employees currently being paid rates outside of the salary pay grade they fall into) as well as employees that hit the ceiling on their respective grade.  And, you’ll get tips on simplifying the administration of your plan.

In just 75 minutes, you’ll also learn how to:

• Determine when to propose change of your overall pay grades, and how to prepare a change proposal for executive management or the board of directors
• Manage communication of pay grades to the staff, and individual changes to employees, without having a negative impact on how employees perceive the organization values them
• Classify employees in different positions across the organizations, including sales people and highly compensated technical and specialized employees that are hard to fit on a pay grade system
• Incorporate new positions into your current pay grade system
• Deal with market changes, in order to retain external competitiveness
• Effectively manage cost control, and ensure that over-focus on your pay grade system doesn’t cause your organization to inflate salaries unnecessarily
• Deal with performance-based increases, and cost of living increases
• Respond to changes in comparative skills and competencies across positions and bands, as employees complete training and learning objectives
• Ensure equity for legal purposes, and ensure the staff views the plan as equitable

FEATURED FACULTY:

Gregory A. Stoskopf, Director, Total Rewards/Human Capital Practice
Deloitte Consulting LLP
Gregory’s consulting expertise is focused on the design and implementation of strategic broad-based performance and reward systems, including talent and total reward strategies designed to enhance the attraction and retention of critical talent segments.   He has over 20 years of experience in compensation, performance management and human resources.  His clients represent a broad range of industries including healthcare, financial services, pharmaceuticals, media, manufacturing, professional services, and nonprofits. He is an author and frequent speaker on compensation, performance management and HR topics in the New York area and nationally.  He is a member of the New York Compensation Association, the Society for Industrial and Organizational Psychology and WorldatWork.  He holds a Bachelor’s Degree from Baker University, a Master of Arts in Organizational Psychology from the University of Kansas and is a Certified Compensation Professional.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

APPROVED FOR RECERTIFICATION CREDIT:

HRCI - Receive 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org.