Setting 2008 Compensation

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Market Areas > Human Resources > Setting 2008 Compensation

Setting 2008 Compensation: Strategies to Maintain Competitive Advantage

Course Description:

The first 2008 salary increase projections from CompData Surveys are in, and it’s not pretty. According to their annual Compensation Data survey, preliminary salary increase budgets averaged a mere 3.65% for 2007 and are projected at just 3.63% for 2008. That’s essentially flat.

So with less than 4%, how do you 1) meet your organization’s recruitment and retention goals, 2) reduce turnover and encourage company loyalty, and 3) maintain morale and sustain productivity—especially when most employees equate their self-worth with their compensation?

Join CCM’s expert faculty for this powerful how-to on developing a compensation strategy around flat increases. You’ll also find out what other companies are doing to maintain their competitive advantage and keep their employees satisfied in this continuingly tight compensation market. Plus, you’ll learn:

Expert strategies for planning 2008 salary increases and bonuses
Average increases for a variety of industries and regions
Important trend changes in bonus offerings, pay structure movements and incentive pay plans
Alternate methods to boost your compensation packages, such as flexible schedules, increased time off, and more
Strategies to help you balance your pay rises so as not to alienate good employees with a low increase, yet still keep your budget under control
Competitive intelligence: learn what other organizations are planning for 2008 compensation

FACULTY

Catherine (Cathy) A. Shepard, CCP, Principal, Human Capital Advisory Services, Mercer Human Resource Consulting

Cathy assists clients with a wide array of human resource management issues. Cathy helps organizations achieve bottom-line results through defining a strategy and aligning organizational architecture, attraction/retention, compensation, talent management and total rewards programs and practices with the business strategy, market demands and demographics.She also has done significant pre- and post-merger and acquisition work.

Dana Wright, Senior Compensation Consultant, Hewitt Associates

Dana works with clients on all areas of reward system design and implementation. These projects include total reward strategy development, competitive market analysis, base pay program design, incentive (both short- and long-term) program design and performance management process / tool design.

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

Item	CCM Preferred Customer Price
CD and Event Materials	$269.00

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.

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