Setting Pay Rates

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Market Areas > Human Resources > Setting Pay Rates

Setting Pay Rates: Using Competitive Pay Analysis to Determine Market Price

Course Description:

No matter the economic environment, pay still matters. In fact, knowing how to set competitive pay is key to the success of any organization.

Why? Because competitive pay doesn’t break your company’s bank— it keeps current employees happy, entices prospective new hires, and keeps your accountant at bay.

Salaries and benefits should be set at pre-established levels in relationship to similar positions at competitor organizations. But, according to Mercer’s Market Value Report, pay across jobs is becoming less consistent than ever.

The result? The job of determining market price to set competitive pay now seems practically impossible. So, how can you set pay rates that are competitive when accurate industry data is in flux?

In this must-attend CCM teleconference, you’ll find out how to:

Utilize pay analysis processes for the current economic environment,
Use market pricing to help your organization meet financial objectives, and
Apply market data to analyze current pay schemes and ensure competitive compensation levels

By the end of this critical session, you’ll also know:

Key terminology for market pricing
Best practices for communicating pay analysis results
How to identify and collect quality and timely data for critical skills positions
Top pay analysis techniques for making hiring and promotion decisions
How incentives, merit increases, and bonuses figure in
Best time to update salary ranges

Featured Faculty:

Paul R. Dorf, Managing Director, Compensation Resources, Inc. (CRI)

Paul R. Dorf is the Managing Director of Compensation Resources, Inc. (CRI). He is responsible for providing overall direction to the firm through five (5) Principals. He is also responsible for directing consulting services in all areas of executive compensation, short and long-term incentives, sales compensation, performance management programs, and salary administration programs. He has over 40 years of Human Resource and Compensation experience and has held various executive positions with a number of large corporate organizations and an acute care hospital. His experience includes direct consulting as head of the Executive Compensation Consulting Practices for major accounting and actuarial/benefit consulting firms, including KPMG, Deloitte Touche (formerly Touche Ross), and PricewaterhouseCoopers (formerly Kwasha Lipton).

Since 1972, Mr. Dorf has also provided compensation consulting expertise to various law firms and the government, and qualifies as an expert witness in compensation and related matters. Mr. Dorf has provided expert opinion and has testified in numerous litigation support cases in both Federal and State Courts.

Doug Sayed, Founder and Principal, Applied HR Strategies, Inc.

Doug Sayed is founder and principal at Applied HR Strategies, Inc. a strategic compensation consultancy based in the Seattle area. Doug is a Certified Compensation Professional (CCP) with 25 years of HR and compensation experience, and has also attained the Senior Professional in Human Resources (SPHR) designation. He earned a Master’s Degree in Human Resource Management from The Ohio State University business school.

Applied HR Strategies is the creator of the StrategicPayTM Series, a series of “do it yourself” compensation development toolkits. The first book in the series, the Base Pay Toolkit, was published in the June of 2009.

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

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.

Each CCM event presents a variety of information and is presented for each organization to develop its own approach and methodology.

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