Compensation Fundamentals

Wednesday September 5 2012 9:00 AM to 5:30 PM CDT

Maggiano's Little Italy

2019 Post Oak Blvd.
Houston TX
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Event Description

Compensation Fundamentals

Learn the Most-used Facts and Information

This skill-building seminar is designed to familiarize you with the process of total rewards compensation design and decision-making. It focuses on the characteristics and impact of a compensation system’s major elements, as well as the design and development techniques used to achieve an optimal system.

Discuss elements of a total rewards program, the total rewards model and elements of compensation
Gain an understanding of the U.S laws and regulations within which compensation programs operate
Learn about the sequential processes of job analysis, job documentation and job evaluation
Address the issue of external competitiveness — job pricing and the use of labor market data to determine competitive position
Discuss pay determination systems and learn alternatives commonly used in companies

What You Will Learn

The Compensation Component of Total Rewards

Definition of total rewards
Total rewards model
Why the total rewards approach?
The total rewards design process
Compensation
Elements of compensation
Objectives of compensation
Compensation goals and tools

U.S. Legal/Regulatory Environment

Pay and legal issues—how much do you know?
Fair Labor Standards Act
Equal Pay Act
Title VII—Civil Rights Act
Other statutes and regulations

Job Evaluation

Terms and definitions
Job analysis
Job documentation
Job description format
Job evaluation

External Competitiveness & Pay Structures

Job pricing
Relevant labor markets
Types of compensation information available
Sources of survey data
Data analysis
Determining market position
Developing a base pay policy line
Organization response to market data
Pay range design issues
Maintaining pay structures

Base Pay Determination

Pay approaches
Job-based pay
Person-based pay
Range divisions
- Position in range
- Merit pay
Characteristics of a sound performance appraisal system
Alternatives to base pay
Effective compensation strategies

Who Should Register
This class contains U.S. specific content and will benefit all functional managers and supervisors; human resource, financial and payroll personnel; small-business owners; entrepreneurs; and members of job-evaluation or compensation committees.

How to Register
Register Online Call 1-877-951-9191 or 480-922-2020 for an Customer Relationship Services Representative E-mail customerrelations@worldatwork.org Fax Registration Form to 1-866-816-2062 or 480-483-8352