Pay Grades and Job Value

Duration: 90 Minutes
The course will show you how to construct a market based pay system to align rewarding your employees for accomplishment of your company's goals. Reviewing your reward system can be guaranteed to spark a little if not a lot of uncertainty. Employees are understandably apprehensive about any changes to pay, even positive ones, as they are very sensitive to changes. Even a system that does not satisfy employees will often appease them when faced with the possibility of a change. Fear of change causes most employees to think they'll become somehow disadvantaged and as the old adage goes, "If you wanted to work for free; that'd be called a hobby."
Instructor: Teri Morning
Product ID: 501067

Objectives of the Presentation
Part 1: Basic Reward Systems
  • Types of reward systems
  • Determining what to reward
  • Misconceptions about rewards
  • The importance of determining your jobs' comparative value - internal equity
  • The job market - Making decisions for determining external equity
  • The part benefits play in a reward system
  • Monetizing work/life benefits
Part 2: Incentive Reward Systems
  • Performance pay
  • Incentive pay
  • Compliance considerations
  • The "uglies" involved in moving from a traditional 1980s pay system to a 2015 reward system
    • Anticipating problems
    • Communicating
    • Educating
    • Having difficult conversations
    • Dealing with a few inevitable hard truths
Part 3: Linking Your Reward System with Your Performance Management System
  • The key components of an effective performance management system
  • What you measure, notice or reward happens - writing business goals that link to your reward system
  • How to link performance appraisals with pay
Why Should you Attend
Merely scrutinizing a reward system causes so many differing opinions, and confused definitions that even the most cursory of reviews muddies the waters to the point of failure. These differing definitions while seemingly a simple problem in theory often causes damaging confusion to the construction and certainly communication of even a carefully constructed system. Lastly, leaders who can't communicate the basic components of employees' compensation packages can cause employees to understandably push back, and push back hard. Push back, even from employees who would be advantaged by an improved reward system.

Who can Benefit
  • HR Generalists
  • HR Directors
  • Compensation and/or Benefits Personnel
  • Small Business Owners
$300
Recorded Session for one participant
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  $450.00 Training CD
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  $550.00 Training USB Flash Drive
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Teri is the founder and President of Hindsight Human Resources.www.hindsightcloud.com
Teri Morning, MBA, MS, specializes in solving company "people problems." She provides HR department expertise to small and mid sized companies.
  • Teri also sources HR software solutions for incident tracking, employee relations, safety (Incident Tracker), compensation (Compease) and performance management (Performance Pro).
  • Twenty+ years human resource and training experience in a variety of fields, including retail, distribution, architectural, engineering, consulting, manufacturing (union), public sector and both profit and non-profit companies.
  • Teri has enjoyed consulting with employers on their problems and trained managers and employees for over 20 years, meeting and working with employees from all types of businesses.
  • In addition to a MBA, Teri has a Master's degree in Human Resource Development with a specialization in Conflict Management.
  • Teri was certified by the State of Indiana in mediation skills, and Teri is currently certified in Project Management and IT Management and qualified as a Myers-Briggs practitioner. Teri has held the PHR, SPHR, SPHR-CA and SHRM-SCP certifications.

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