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. 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.
Human resources expert John A. Rubino will share a wealth of information to help guide you in creating a comprehensive, organizationally-aligned total cash compensation.
Cash Compensation Programs Certification program will enable you to:
What You'll Learn:
Analyze market salary survey data
Create traditional base salary structures from scratch
All courses include a PDF version of the presentation slides along with any additional materials or resources provided by the presenter
Certification upon completion of the program
One certification exam attempt is included
Training Overview
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.
Who Should Attend?
Human resources professionals
Total reward professionals
Business owners
Plant managers
Finance professionals
Operations managers
Employee relations staff
Division supervisors
Supervisors
Chief executives
Executive directors
Board members
Senior management
Managers
Development staff
Program directors
Hiring staff
Credits
This program has been approved for 5.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
This program is valid for 5.0 PDCs for the SHRM-CP or SHRM-SCP.
Industry: HR
