Compensation Systems Explained: Essentials of Creating Pay Structures

Thursday, Jun 01, 2017 at 11:30AM - 2:30PM
Fremont, CA

Event Details

Less than half the companies with fewer than 100 employees have formal salary structures and only 70% of all U.S. companies have such structures. Yet almost all companies report that they have hard-to-recruit positions and they are vulnerable to loosing top talent. Having a competitive well-designed compensation system has long been a corner stone of employee recruitment and retention and regardless of the economy, it is critical to have a competitive compensation structure that fulfills your company's goals. This webinar will give you the tools to get started in developing a base pay plan or tune up your current plan. It will present a broad overview of the philosophy and application of compensation systems.

Objectives Of The Presentation
  • Compensation policy
  • Internal and external equity
  • Ranges
  • Grades
  • Position analysis
  • Job evaluation systems
  • Point factor systems
  • Benchmark positions
Why Should you Attend
This webinar by expert speaker and HR consultant, Wes Pruett, will explain the fundamental concepts of how to create a compensation system as well as focus on the process of creating a market-based salary structure. You will be informed about the concepts of salary ranges, internal/external equity, benchmark positions, grades etc. using market analysis to establish midpoints and pay ranges, options for salary range movements, slotting through non-benchmarking jobs as well as calculate compa-ratios. You will also learn about the sample pay grades with variable ranges. The webinar will also provide with the tools to develop or update your current base pay plan. You will get to know the fundamentals of market pricing, compa-ratio, grades, and ranges to give your organization the means to confidently build a competitive and effective pay structure.

This webinar will focus on building a market-based compensation system that will allow your company to be competitive within their industry. It will also assist you in building a workable systematic compensation program that is fair, understandable, consistent and defensible. Get the tools needed to start developing a base pay plan or tune up your current plan with the help of this webinar. You will get a broad overview of the application and philosophy of compensation systems.

Areas Covered
  • How to design an effective base pay system or improve upon your current base pay plan
  • The relationship between midpoints, market pricing and salary grades
  • Whether your organization leads or lags in the market
  • How to define your organization's compensation philosophy
  • The basics of job analysis and salary grade placement
  • What is a compa-ratio and why does it matter?
  • Methods for moving through the range
  • How to build a salary grade system
  • Accelerated progression to the midpoint
  • Receive model salary grades and ranges
Who will Benefit
  • CFOs
  • COOs
  • Senior Managers
  • Directors
  • VPs
  • Employee Contracting Organizations
  • HR Professionals
  • Payroll Professionals
  • HR Managers
  • Owners
  • Office Managers
  • Payroll Manager
For Registration

Note: Use Promo code HJQDZ and get 10% off on registration (Valid till FEBRUARY 28th 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
38780 Tyson Lane, Apt 210
Fremont, CA 94536

Starts June 01, 2017 at 11:30AM - 2:30PM

Add to my calendar  

Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896