Fundamentals Of Compensation: Developing Pay Grades And Salary Ranges

Bob Verchota Bob Verchota

Human resources leader Bob Verchota will explain the current compensation landscape. You will learn how to create fair and competitive pay structures throughout your organization.

What You'll Learn

  • How can you assess internal and external equity?
  • How should you define the market for each job?
  • What role should surveys, data, and benchmarking play?
  • How can you use grades and ranges to define compensation plans?
  • What criteria enable you to rank positions and assign grades?
  • Which special cases should you anticipate?
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INFORMATION
Training Overview

Pay Grades and Salary Ranges Update compensation plans for today’s reality.

The compensation landscape is shifting. As employees increasingly work more flexibly and equity is at the forefront of priorities, organizations are rethinking their approaches to pay. Now is the time to develop or update pay grades and salary ranges to ensure your team members are compensated fairly.

You must understand compensation management components, including policies, market surveys, job assessments, and pay structures. Following examples of some best practices in compensation system design and management will enable you to maintain a competitive presence in the employment marketplace.

  • How can you assess internal and external equity?
  • How should you define the market for each job?
  • What role should surveys, data, and benchmarking play?
  • How can you use grades and ranges to define compensation plans?
  • What criteria enable you to rank positions and assign grades?
  • Which special cases should you anticipate?
Recommended Audience
Who Should Attend?
  • Human resources professionals
  • Compensation staff
  • Business owners
  • Owners
  • Boards
  • Managers
  • Supervisors
  • Leaders
  • Plant managers
  • Finance professionals
  • Operations managers
  • Employee relations staff
  • Senior management
  • Development staff
  • Payroll staff
APPROVAL AND VALIDITY
Credits
  • This program has been approved for 1.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
  • This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP.
Bob Verchota
About

Expert Presenter

Bob Verchota
  • Owner and senior consultant for RPVerchota & Associates, providing services to align businesses and employees through successful outcomes and excellent work environments
  • 30+ years in human resources senior leadership
  • 15 years in business operations
  • Taught undergraduate and graduate courses in leadership and organizational development
  • Lifetime Senior Professional in Human Resources
  • Undergraduate degree in business administration
  • Graduate degree in healthcare administration
  • Doctoral work (ABD) in organizational development
More Info