Effective Compensation System: Creating a Sensible Base Pay System that Doesn't Backfire

This webinar will discuss the fundamentals of current base pay plan, market pricing, compa-ratio, grades, and ranges to give your organization the means to confidently build a competitive and effective pay structure.

Why Should You Attend:

Less than half of companies under 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. If you aren’t totally clear about the meaning of market pricing, compa-ratio, grades, and ranges, this program is for you. This program presents a broad overview of the philosophy and application of compensation systems.