Gain insight into how compensation is used in a total rewards program to attract, retain, and motivate top talent. This program helps you understand the different compensation methods and resources available when making decisions about employee pay. Tools that are building blocks of an effective compensation program -- job analysis and documentation, job evaluation and market data/survey analysis -- are explored.
What You Will Learn:
- Know the two critical pay policy decisions to apply once compensation philosophy and strategy are established.
- Conduct a job analysis.
- Explain how wage grades are assigned to jobs and salary structures are developed.
- Determine how market pay information helps drive good decisions about employee pay.
Who Should Attend:
Designed for newcomers to HR and those looking to broaden their HR knowledge.
- Business knowledge
- Technical skills