Change Cash Compensation to Attract and Retain Employees. Improve your program without breaking the budget.
Cash-constrained organizations struggle to attract and retain employees. You can pay appropriate salaries and bonuses without destroying your bottom-line results and breaking your budget.
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You can apply well-respected techniques to build a compensation program that delights applicants and employees while avoiding cost overruns. Managers who are able to balance organizational needs and employee pay expectations reap the biggest personal rewards through job stability, career growth, and raises.
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To help you attain these goals, we are offering a certification program filled with exercises and real-world programmatic examples. The Cash Compensation Programs Certification program will enable you to:
- Analyze market salary survey data
- Create traditional base salary structures from scratch
- Develop flexible broadbanding approaches
- Design pay-for-performance variable cash compensation plans
Cash Compensation Programs Certification
Session 1
- Compensation program objectives
- Strategic methodologies for building base pay structures
- Job evaluation techniques
- Techniques and protocols for interpreting salary market information
- Approaches for dealing with high-demand jobs
- Techniques for market pricing hybrid jobs
Session 2
- Pay structure design techniques and considerations
- Creating a base pay policy line
- Components and applications of pay grades
- Calculating range spreads and midpoint differentials
- Market pricing and point factor approaches
Session 3
- Hands-on, step-by-step exercises and pragmatic examples
- Maintaining base pay structures and keeping them up-to-date
- Salary compression and solutions
- Geographic differentials
Session 4
- Broadbanding and how it differs from traditional pay structures
- Defining control points and applying them to the broadbanding approach
- Reasons for adopting broadbanding
- Advantages and disadvantages of broadbanding
- Transforming a traditional base pay structure to a broadbanding system
- Examples of broadbanding applications
Session 5
- Eight-step design methodology for developing variable pay programs
- Quantitative and qualitative performance measures
- Cascading performance management approach
- Variable schedules using target, threshold, and maximum payout criteria
- Total cash variability approach
- Business performance variability and the effect on payout cycling
- Managed communication approach
- Ten criteria for success and pitfalls to avoid
This certification is part of the Compensation Metrics And Programs: 10-Session Professional-Level Certification found here.
Date:
Monday, March 17 - Friday, March 21, 2025; 11:00 AM Eastern
4 Sessions scheduled for 60 minutes including question and answer period.
Industry: HR
