Course Overview

Compensation programs are a critical aspect of all human resource strategies impacting the ability of an organization to attract and retain key talent. This course will provide an in-depth overview of all the elements of designing and administering an effective compensation program. This 2-hour session will focus on the mechanics of compensation program design, including the establishment of a compensation strategy, importance of job descriptions, use of external market data, pay structure design and implementation strategies.

Key Learning Outcomes:

• Develop a better understanding of the key aspects of a sound compensation program focusing on compensation strategy design, external market decisions, internal equity considerations, employee pay decisions and legislative requirements.
• Thorough understanding of the “mechanics” of auditing and developing market-based pay structures and how best to correct internal employee pay compression as part of program implementation strategies.

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