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Designing Pay Structures
No webinars are scheduled at this time.
Overview

A well-designed salary structure enables an organization to deliver an internally equitable, externally competitive, cost effective, motivating, and flexible compensation program.

This webinar begins with an examination of compensation strategy, market pricing, the components of a salary structure, and five commonly used types of salary structures. Then a detailed case study will demonstrate how to design and deliver a competitive, market-priced pay structure with salary grades. The webinar will wrap up with a look at how to adjust a salary structure for merit increases and periodic job repricing.

This webinar can be taken alone or as part of a series that should be taken in this order: Compensation Basics: Job Analysis, Descriptions & Evaluations, Analyzing and Using Salary Survey Data, Designing Pay Structures.

Handout

Each participant receives a Microsoft Excel Workbook with all the formulas, tables, reports, charts and graphs presented in the webinar including:

  • External Market Summary
  • Basic Math Approach
  • Excel Formula Approach
  • Straight-Line Formula Approach
  • Curved-Line Formula Approach
  • Compa-ratio Report
  • And More!

Learning Objectives
  • Explain the importance of having a compensation strategy
  • Define the characteristics of a sound pay structure
  • Differentiate between a traditional graded salary structure, broadbands, step structures, a market-based salary structure, and pure market pricing
  • Specify how to design a fair and competitive salary structure using market data
  • Recognize how to create a salary structure using basic math, the Excel RATE formula, and regression analysis
  • Explain the usefulness of a compa-ratio report
  • Describe how to calculate the cost of a compensation program
  • Explain how to present a compensation program to senior management for approval
  • Describe how to manage the implementation of your pay structure
Credit & Professional Continuing Education Information

Credit Hours - You must attend for 90 minutes to be eligible:

  • SHRM-CP/SHRM-SCP: ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Approved Provider Logo




  • aPHR/PHR/SPHR/GPHR: ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 1.5 HR (General) credit hours towards aPHR™, PHR®, SPHR®, and GPHR® recertification.

    HR Certification Institute's® (www.HRCI.org) official seal confirms that ERI Economic Research Institute’s Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.



  • CBP/CCP/GRP/WLCP/CECP/CSCP: This webinar qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®), Certified Executive Compensation Professional (CECP™) and Certified Sales Compensation Professional (CSCP™) designations granted by WorldatWork Society of Certified Professionals. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatwork.org/certification/recertification.

Course Number:
DBPWEB
Category:
Salary Administration
Field of Study:
Specialized Knowledge & Applications
Audience:
HR Managers, Compensation Managers, Compensation Analysts, HR Generalists, Managers
Level of Difficulty:
Intermediate
Delivery Method:
Group Internet-Based
Prerequisites:
Analyzing and Using Salary Survey Data Webinar or a working knowledge of using salary survey data.
Advanced Preparation:
None
SHRM BoCK:
SHRM BoCK: As defined by the SHRM Body of Competency and Knowledge TM, this webinar covers competency topics related to Relationship Management and Critical Evaluation with the knowledge area being Compensation and Benefits.
Meet the Presenter

Linda Cox, CCP
Linda is the Compensation Project Manager at ERI Economic Research Institute and has over 30 years of Global Compensation Director-level and consultative experience with major multi-national corporations such as Allergan, Beckman Coulter, Quest Software and Dell. She holds a Bachelor of Science Degree in Business Education from California State University, Long Beach, and is a Certified Compensation Professional. She is a Compensation & Rewards Instructor for the University of California’s Continuing Education Department and also currently volunteers as Treasurer of The Orange County Compensation & Benefits Association. Linda’s business and personal travel has taken her to 32 countries and almost 400 cities throughout the world. She also established the Allergan International Assignment Program which grew to 67 expatriates during her 16 year Allergan career.

No webinars are scheduled at this time.
Requirements

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Supported Operation Systems and Browsers

Windows

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Mac OS

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No webinars are scheduled at this time.
The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/
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