Crucial Compensation Conversations — Understanding and Communicating the Compensation System

    /Bob  / Verchotaspeaker of Training Doyensinvite
    Speaker: Bob Verchota
    Date: Tuesday, September 17th
    Time: 01:00 PM EDT | 10:00 AM PDT


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    Duration: 60 Minutes
    Product Code: 50929
    Level: Intermediate
CEU Approved

Training Doyens is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1 PDC for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit shrmcertification.org.


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OVERVIEW

There may be one thing in organizational life no HR or Payroll department wants to get wrong, that is the paycheck of any employee! This webinar does not address payroll processing. It does address how your workers’ compensation plan is built on a philosophy, designed to achieve specific results from the perspective of recruiting, retaining, and engaging the workforce.

Variation in approaches with different job groupings or classifications is possible and even desirable. And how do you keep up to date on your “Pay” package? We will address these and many other areas of employee compensation and benefits in the webinar.

WHY SHOULD YOU ATTEND

Do you have complaints about the compensation system, from staff, managers, leadership, or HR? Where are the issues coming from and why? Or are you looking for options to make your workers’ compensation plan more aligned with the market, technology, the environment?

This webinar explores the crucial compensation conversations and helps you optimize your system.

AREAS COVERED

  • Defining the philosophy/philosophies of your compensation system
  • The link to performance management
  • Environment scans and adjustments
  • Defining market competitive pay
  • Total compensation defined
  • Variable pay options
  • Assessing and auditing your current workers’ compensation plan
  • Challenges of alignment
  • Roles of managers, employees and HR in the compensation system
  • COLA vs. P4P
  • Forms/Tools/Communications — communicating compensation to employees
  • Merit Matrix Models

LEARNING OBJECTIVES

This webinar can help you sort through the issues of employee compensation and benefits and develop a plan of action for addressing your most critical questions. The webinar will also help you link organization performance with employee compensation and benefits.

WHO WILL BENEFIT

  • HR staff
  • Compensation Specialists
  • Business Owners
  • Board members
  • Supervisors/Managers
  • Anyone who has responsibility for compensation

SPEAKER

Bob Verchota is owner and senior consultant for RP Verchota & Associates, a consulting firm providing services to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 30+ years in Human Resources senior leadership roles and teaching both undergraduate and graduate courses in Leadership and Organizational Development, Bob transitioned to using his experience and skills in consulting.

Mr. Verchota provides solutions to companies for a wide variety of HR issues including training and development, compensation, compliance, policy development, performance management, employee relations and managing change from mergers and acquisitions to project specific disruptions of the status quo.

Bob has an undergraduate degree in Business Administration, graduate degree in Healthcare Administration, and doctoral work (ABD) in Organizational Development. He is a lifetime Senior Professional in Human Resources.

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