ComplianceOnline

Wage and Salary Administration: Setting Ranges, Determining Merit Increases and Bonuses

Instructor: Marna Hayden
Product ID: 704220
  • Duration: 60 Min

recorded version

$149.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

$299.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This training program will concentrate primarily on establishing a philosophy and program for salary administration that will be in alignment with your organization’s business strategy, be understandable to management and employees and compliant with applicable labor laws.

Why Should You Attend:

Designing, communicating and maintaining an equitable program is a major component in retaining a motivated workforce. Too often complicated methods of salary administration lead to confusion and misunderstanding. In most organizations, salary ranges are based on the market and benchmark positions, adjusted to provide for internal equity and to match specific position descriptions. In most cases a straight forward merit program works well. It is also more easily defended when questioned either by employees or authorities.

Starting with your company’s philosophy of pay in relationship to the market, and the objectives you have established for your compensation program, we move to the practical design and implementation of a market-driven program. This course will give participants a basic program which they can maintain and administer and also a program to which they can add more sophisticated compensation plans, such as bonuses, incentive plans or goal achievement rewards, if they choose.

Areas Covered in the Webinar:

  • Determining a salary administration philosophy and policy
  • Selecting external salary surveys
  • Matching jobs for internal equity
  • Calculating salary ranges and levels
  • Setting minimums, midpoints and maximums for your ranges
  • Integration of salary administration with a merit pay system
  • Considering bonuses, incentives and other reward programs
  • Marketing total compensation program to your employees
  • Complying with applicable labor laws

Who Will Benefit:

  • Chief Human Resource Officers and other HR Professionals
  • Compensation Managers
  • Employment Managers and Recruiters
  • Affirmative Action Officers
  • Auditors

Instructor Profile:

Marna Hayden is founder and president of Hayden Resources Inc., a consulting firm that specializes in providing management and human resources services to small and mid-size businesses and nonprofits, and specialized services and training to larger organizations. She has thirty + years in the field of human resources and has held senior offices in the banking, retail, and service industries as well as serving as an adjunct faculty member at several colleges and universities. She is certified as a senior professional in human resources (SPHR & SHRM-SCP).

Accreditations:

Course "Wage and Salary Administration: Setting Ranges, Determining Merit Increases and Bonuses" has been pre-approved by SHRM as eligible for “1” credits and HRCI as eligible for “1” credits towards a participant's recertification upon full completion.
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