Course Description
Having a solid base pay program is essential to attract and retain both top talent and the many different generations in the workforce today. Additionally, a base pay program that is well-designed and monitored will help to ensure compliance with the many federal and state compensation laws.
Ideally, your pay program will be fair, competitive, and affordable, and will best reward all generations in the workplace. It also is important that your base pay program meets your organization’s needs and desired results.
This training session will give you the tips and best practices to meet these goals - and make your base pay program a roaring success!
Learning Objectives:By attending, you will learn:
- The purpose of a base pay program
- How to define company goals and needs
- Understanding generational differences and desires
- How to determine “market rates” so that you are not paying too much – or too little
- Where to begin: plan choice considerations and design options - as well as what works best for each option
- The different approaches to internal equity and external equity - and how the two fit together in a base pay program
- Advantages and disadvantages of the equity options
- The regulatory and legal issues in compensation - as well as actions to take to comply
- Best Practices for successfully communicating your plan
About Your Presenter:
Cassandra Faurote, SPHR, CCP, SHRM-SCP, and President of Total Reward Solutions is a seasoned human resources consultant with 25+ years in the human resources field.
She has worked with companies from 40 to 4,000 employees in over 20 industries, helping clients in the areas of compensation and benefits, performance management, and reward/recognition programs.
Cassandra has a bachelor's degree in Business Management from Indiana Wesleyan University, holds three certifications (Senior Professional in Human Resources (SPHR), Certified Compensation Professional (CCP), and SHRM Senior Certified Professional (SHRM-SCP)), and has served on the board for Total Rewards Indiana for seven years.
PHR / SPHR Credits!This program has been approved for 1.5 re-certification credit hours through the HR Certification Institute. For more information about certification or re-certification, please visit the HR Certification Institute website at www.hrci.org. The use of this 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 re-certification credit.