Market Areas > Human Resources > Total Remuneration

Compensation Planning: Maximizing Total Remuneration

Course Description:

How do your rewards compare with those of other organizations? Are they competitive enough to attract and retain top talent? Are they too high, squeezing an already tight budget?  Do you have the right mix of cash, benefits, paid time off, etc. to appeal to a diverse workforce?

More and more organizations realize that it’s no longer enough just to manage and communicate base salaries.  Understanding and communicating the value of all components in the compensation package is essential to achieve the maximum return on your rewards investment.

With some benefit costs growing at twice the rate of inflation your biggest challenge today is maximizing the value your job candidates and employees receive from their rewards, because:

• employees demand the best benefits AND competitive cash;
• the market demands competitiveness; and
• business survival demands affordability

Find out why a total remuneration approach to designing, delivering, and communicating compensation is essential to:

1. attracting, retaining, and motivating employees,
2. managing ever-rising benefits costs, and
3. achieving maximum return on your reward investments.  

Join CCM and Mercer in this invaluable audio conference where you’ll learn:

• Why total remuneration as the measure of the financial components of rewards is so important
• Criteria for successfully analyzing total remuneration
• Steps to choosing an appropriate peer group for competitive analysis
• Differences between assessing rewards cost and value
• Why total remuneration is not equal to the sum of compensation and benefits individual components
• Balancing total remuneration with other rewards elements in crafting an attractive and affordable employee value proposition.

Finally, by the end of this 75-minute session, you’ll know how one of Mercer’s clients is utilizing total remuneration to attract, retain and engage their employees; align their people with their business strategy; and maximize their return on investment rewards.    

Featured Faculty:

Jeanie Adkins, Principal and Senior Consultant, Mercer

Jeanie is a Principal and Senior Consultant with Mercer’s Human Capital business and the Louisville Human Capital Business Leader. She works with clients in developing total rewards strategies (covering pay, benefits, careers, and work/life), and in the design and implementation of cash compensation or total reward designs aligned with business objectives and employee needs/preferences. Her client work includes experience with global and U.S. companies across a variety of industries. Recent client experiences include total rewards projects in a variety of industries, global leveling, and annual incentive design, engineering attraction and retention research, and research on managing pay for multigenerational workforces. Client engagements typically include a focus on employee research and engagement, and change management and communications.

Jeanie was a Sage Graduate Fellow at Cornell University. Her master’s program in HR/labor economics focused on compensation strategy and human resource strategic planning, and included an internship in IBM’s Corporate Compensation function. Before returning to graduate school, she served in a variety of HR positions. She is a member of WorldatWork, and a frequent speaker on compensation and human resource issues, including presenting at the national WorldatWork conference.

Anna Tanzilla, Principal and Consultant, Mercer

Anna is a Principal and consultant within Information Product Solutions located in Louisville, Kentucky. She leads the North American benefits surveys sales and marketing team. Her consulting expertise is in the areas of benefits benchmarking and valuation on all types of employee benefit programs including retirement/savings plans, health and welfare plans, and other incentive programs.

She specializes in the areas of benefit analysis and is an expert on Mercer BenefitsMonitor, Mercer’s online tool for benefits comparisons, and specializes in benefit analysis.

Anna has been with Mercer since 1993 and has been in her current role since 2003. Her prior experience with Mercer includes managing the Benefits Database team. Prior to joining Mercer she was in the United States Air Force as a Personnel Officer.

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 1.5 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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