Employers Association: Compensation Market Pricing: Determining the Effectiveness of Your Program

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Compensation Market Pricing: Determining the Effectiveness of Your Program

In today’s labor market, an organization’s compensation package can be a strategic tool in its overall competitiveness. Understanding and appropriately positioning your organization’s compensation package is a critical element in maintaining a competitive edge.
This six-hour workshop provides HR practitioners with the fundamental principles and skills needed to determine their organization’s competitiveness in the marketplace. The session concentrates on how to select, complete and use surveys, and presents information on how to compile/analyze survey data and use it to achieve external competitiveness and internal equity. The program gives participants the opportunity to get hands-on experience applying some of the methods presented.

Note: For a more comprehensive 2-day class on program design, see our Overview of Compensation Design workshop, which includes market pricing content.

Program content

Initial Program Considerations

Market Pricing

How to budget/select/complete surveys
Market pricing goals
Where to get survey data
How to properly use survey data
Managing different geographic areas
Basic terminology and calculations
Salary budget and structure increases
Lead-lag positioning

Salary Ranges

Policy, Administration, and Maintenance Considerations

Who should attend

HR professionals without formal compensation training

Newly appointed compensation practitioners

This course is offered at EA's Plymouth location.

This program is approved for 6.0 general recertification credit hours toward PHR, SPHR and GPHR recertification through the Human Resource Certification Institute (HRCI). The HRCI seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI's criteria to be pre-approved for recertification credit. For information, visit www.hrci.org.

Status: This class is available now

Cost

Member Price: $350.00	Member Prepayment Price: $315.00
Affiliate Price: $375.00	Affiliate Prepayment Price: $340.00
Standard Price: $475.00

Status: This class is available now

Dates, Time, Location

Thursday, Ocotober 28, 2010 - 9:00 am to 4:00 pm (lunch provided) Plymouth (prepayment deadline Thursday, October 14, 2010)

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