Having a competitive and well-designed compensation system is the cornerstone of any organization’s employee recruitment and retention plan. Today, nearly every company in America reports difficulty in recruiting and retaining quality workers, yet nearly one-third of all American companies have no formal pay structure in place. That figure jumps to 50 percent for companies with less than 100 employees. If your company does not have a sound, competitive pay structure in place, you’re at risk for losing your best workers and not being able to attract new ones.
This simple-to-understand, information-packed conference from industry veteran Wesley Pruett will show you why you need a pay structure, what one looks like, and how to grapple with key concepts, such as: internal and external equity, position analyses, job evaluation systems, point factors systems, and benchmarks. Plus, you’ll learn to use market analyses to establish pay ranges and midpoints.
After attending this audio event, you will know how to create a pay structure, how to determine if it is fair and competitive, the basics of a job analysis and salary grade placement, methods for moving through the range, how to build a salary grade system, and more. Get ready to revamp your compensations packages—and position your company to retain and recruit better!
Here is a taste of what you will uncover:
Who Should Attend
- Vicki M. Lambert
Wes Pruett is owner of HR Advisors LLC, a consulting practice that provides service to clients who seek to align their business and employees creating successful outcomes and excellent work environments. After 20 years in senior leadership within the Mayo Health System he founded HR Advisors LLC.