Market Areas > Human Resources >Avoiding Pay Compression

Avoiding Pay Compression: Proactive Strategies to Prevent Compensation Inequities

Course Description:

Pay compression is one of the ugliest and most widespread issues compensation professionals face today. In fact, the problem cuts across all workplaces and employment levels. 

No matter how small the difference may be, pay inequity can erode employee morale, and eventually tear the workplace apart.

So what’s an employer to do?  Brush aside the problem until it erupts like a dormant volcano of ill will? Then scurry in with adjustments that are often too late and too begrudgingly given to have the necessary impact? Not the best approach.

Your most successful strategy is to be proactive and to look into the root of the problem.  The market is moving, albeit slowly and unevenly.  If your salary program is out of sync, chances are good that the salary levels of many of your employees may be as well. 

Course Highlights:

During this comprehensive session, our compensation expert from the global management firm Hay Group will explore strategies for:

1. preventing pay compression before it happens,
2. tips for diagnosing existing issues that may lead to problematic pay practices, and
3. solutions for fixing problems once compression is a reality.

 By the end of this must-attend program, you’ll know more about:

• Various types of pay compression companies experience
• Warning signs your company may be at risk
• Analysis to help identify problems before it’s too late
• Compression hot spots in today’s market and temporary solutions
• Combating wage compression while attracting quality hires and ensuring fair and balanced wage structures
• Top things to tackle before the end of the year
• Hay Group’s latest research on fairness and how it applies to pay compression
  
  

faculty:

Brooke Green, Principal, Hay Group

Brooke is a Principal in the San Francisco office of Hay Group.  She consults on the assessment, design and optimization of compensation programs. Her work covers all elements of compensation including base salaries, annual and long-term incentives, and sales force compensation programs. 

Brooke’s experience includes the development of reward programs across all employee groups, hourly to executive.  She has significant experience developing base salary structures and incentive programs for companies in a variety of industries and at all stages of company lifecycle.  She has worked with several not-for-profit organizations introducing pay for performance programs.  Her recent focus has been on helping companies to articulate and implement career paths and competency models.

Prior to joining Hay Group, Brooke co-founded Presidio Pay Advisors, a boutique compensation consulting firm based in San Francisco which served clients for eight years.  Previously, she was a consultant for WestWard Pay Strategies.

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:

Unable to Attend?  Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

HRCI - Receive 1.25 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. "The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit."

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