How to Construct Salary Ranges, Administer Increase Budgets and Build Merit Increase Matrices in Today's Economy

Date : 7th November 2019 to 7th November 2019

Place : United States, Aurora

Website :http://bit.ly/2Me8HWJ

Contact Person:Training Doyens

Description:

OVERVIEW Let’s be honest. People work for money. 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. Before you get started, keep in mind that adopting a competitive, pay for performance philosophy requires some extra work. Because a merit matrix connects performance to market rate pay. However, 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. The merit-based, pay-for-performance matrix also serves as a guide for supervisors so that they suggest pay increases that are fair and support business objectives. WHY SHOULD YOU ATTEND Compensation decisions are a direct method of communicating with your employees. When your supervisors determine how to construct salary ranges, 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 are rewarded at your company. 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. AREAS COVERED • Compensation is a reward system. Changing the mindset of pay and taking the mystery out of pay • Basic elements of a preparing salary matrix • Internal equity, external equity and individual performance • Current salary structures - understanding how the numbers got that way and what it means now • Building modern salary budgets and pay-for-performance matrix system LEARNING OBJECTIVES It’s a fact of life that most people have to work for money. Even people who love their jobs likely would not perform them for free. To a company, the salary budget is its biggest expense. However to your employees, it’s a reward system for their work performed in your company and for the skills they bring to the workplace. It is also communicating to your employees what sort of work ethic, skills, and attitude are rewarded at your company. WHO WILL BENEFIT • HR Managers • HR Generalists • Business Owners and CEO's • Plant Managers • Management Personnel • Compensation Associates • CFO's Use Promo Code 2AN20 and get flat 20% discount on all purchases. Hurry! Offer valid only till October 31st 2019. To Register (or) for more details please click on this below link: http://bit.ly/329XEn4 Email: [email protected] Toll Free: +1-888-300-8494 Tel: +1-720-996-1616 Fax: +1-888-909-1882

How to Construct Salary Ranges, Administer Increase Budgets and Build Merit Increase Matrices in Today's Economy will be held in Aurora,United States on date 2019-11-07

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Deadline for abstracts/proposals : 7th November 2019

Keynote Speakers : SPEAKER Years of Experience: 20+ years Areas of Expertise: Human Resource Development, Performance Management, and Conflict Management Teri Morning, MBA, MS, SHRM-SCP, is President of Hindsight Human Resources, LLC. and specializes in solving company “people problems.” Teri also sources software solutions for compensation and performance management. Twenty+ years human resource and training experience in a variety of fields, including retail, distribution, architectural, engin

Venue :Training Doyens, East Walker Drive, Aurora, CO, USA

Check the event website for more details.