Course Contents
-
Introduction page 1
- Overview page 1
- Overview
-
Staying Competitive page 2
- Competitive Strategy page 2
- Salary Surveys page 3
- Aging survey data page 3
- Market Strategy page 4
- Competitive Strategy
-
Rewarding & Recognizing Your Employees page 5
- Base Pay page 5
- Short-Term Incentive Plans page 5
- Long-Term Incentive Plans page 5
- Benefits page 6
- Work-Life Effectiveness page 7
- Recognition page 7
- Talent Development page 7
- Base Pay
-
Types of Base Salary Increases page 8
- Merit Increases page 9
- General Increases page 10
- Cost of Living Increases page 10
- Length of Service Increases page 10
-
Other Increases page 11
- Geographic Differentials page 11
- Market Adjustments page 11
- Adjustments to Minimum Wage/Salary Range Minimums page 11
- Internal Equity Adjustments page 11
- Geographic Differentials
- Merit Increases
-
Budgeting for Salary Increases page 12
- How Much? page 12
- Market Movement of Salaries page 13
- Mandatory Increases page 13
- Competitive Position to the Market page 13
- Salary Increase History page 13
- Company Turnover Rate page 13
- Feedback from Key Internal Sources page 14
- Financial Ability to Pay and State of the Business page 14
- Is the Recommended Program Implementable? page 14
- Total Labor Costs page 14
- How Much?
-
Interactive Exercise page 15
- Your Turn page 16
- Your Turn
-
Conducting Salary Planning page 17
- Market Pricing of Jobs page 17
- Salary Range Development page 17
- Compa-Ratios page 17
- Compa-Ratio Report page 17
- Salary Increase Budgeting page 18
- Approaches to Budgeting page 18
- Bottom-Up Budgeting page 18
- Top-Down Budgeting page 19
- Market Pricing of Jobs
-
Salary Increase Administration page 20
- Timing of Salary Increases page 20
- Participation Rate page 21
- Should Increases be General or Merit? page 21
- Implementation page 22
- Automation page 22
- Other Items to Consider page 23
- Timing of Salary Increases
- Summary page 24
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.
Page 1
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.