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How To Construct Salary Ranges, Administer Increase Budgets and Build Merit

26468 E Walker Dr, Aurora, Colorado 80016-6104
26468 E Walker Dr, Aurora, Colorado 80016-6104 Aurora, CO 80016  
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Start:   Tuesday, July 31, 2018  1:00 PM
End:   Tuesday, July 31, 2018  2:00 PM

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Event Features: Business-Related

Neighborhood: Avenue of the Arts


       



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OVERVIEW People work for money. Even people who love their jobs likely would not perform them free. The salary budget while often the biggest expense in a company is to employees, a reward system for their work performed in your company and for the skills they bring to the workplace.
Adopting a competitive, performance-based pay philosophy requires some extra work. In order to differentiate wages based upon the results of your employees, you need to know what you want people to do, be able to sort out how they are performing and, based on that, differentiate their pay.

WHY SHOULD YOU ATTEND

When your supervisors determine wages, which employees will get pay increases and how much they deserve; they are making or breaking your business. How? By connecting performance to pay, or not, your managers tell your employees what sort of work ethic, skills, and attitude get rewarded at your company.

AREAS COVERED

• What is internal and external equity.
• Building modern salary budgets and matrixes.
• How to understand and use ranges effectively.
• Connecting performance with pay ranges and merit increases.
• Using limited budgets most efficiently.
• Explaining salary rangedetermination and increases in a way that helps an employer operationally - year round.
• What is variable pay.

LEARNING OBJECTIVES

Today, every company is a performance based company and as such needs to learn to build and use its salary budgets for maximum effect on employee performance while still ensuring equity within internal and external components and avoiding compliance problems.
A merit-based, pay-for-performance matrix system serves as a guide for supervisors and connects performance to market rate pay.Pay increases are fair, logical and support business objectives.

WHO WILL BENEFIT

• HR Managers
• HR Generalists
• Business Owners and CEO's
• Plant Managers
• Management Personnel
• Compensation Associates
• CFO's

For more detail please click on this below link:
https://bit.ly/2ti7IuU


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