Less than half the companies with under 100 employees have formal salary structures and only 70% of all U.S. companies have such structures. Yet almost all companies report that they have hard-to-recruit positions and are vulnerable to losing top talent. Having a competitive well-designed compensation system has long been a cornerstone of employee recruitment and retention. Regardless of the economy, it is critical to have a competitive compensation structure that fulfills your company’s goals.

In this practical webinar, you will explore the fundamental concepts of creating a compensation system. Among other things, will learn about:

  • Compensation policy
  • Internal and external equity
  • Ranges
  • Grades
  • Position analysis
  • Job evaluation systems
  • Point factor systems
  • Benchmark positions
  • Using market analysis to establish pay ranges and midpoints
  • Options for movement through salary ranges
  • Calculating compa-ratios

You will also discuss sample pay grade with variable ranges.

You will learn the following:

  • How to put together a well-designed base pay system.
  • How midpoints, market pricing, and salary grades fit together.
  • Do you lead or lag in the market? What’s your compensation philosophy?
  • The basics of job analysis and salary grade placement.
  • What is a compa-ratio and why does it matter?
  • Methods for moving through the range.
  • How to build a salary grade system.
  • Accelerated progression to the midpoint.
  • Receive model salary grades and ranges.

Upon course completion, you will be able to:

  • Implement tips and best practices to develop an effective base pay plan or tune-up your current plan
  • Assess compensation systems

Prerequisites: None

Field of Study: Personnel/Human Resources, Business Management and Organization

Program Level: Intermediate

Credit Type: Group Internet-Based for the Live Program.

Faculty Member
Wes Pruett
HR Advisors LLC

Wes Pruett is owner of HR Advisors LLC, a consulting practice that provides service to clients who seek to align their business and employees creating successful outcomes and excellent work environments. After 20 years in senior leadership within the Mayo Health System he founded HR Advisors. Mr. Pruett provides solutions to companies for a wide variety of HR issues including compensation, compliance, policy development, performance management, and employee relations. Mr. Pruett regularly facilitates employee training related to communication, leadership, coaching, and strategic planning. He is a business coach helping leaders achieve goals. Wes earned a Masters in Healthcare Administration at the University of Minnesota Carlson School of Management and an M.S. in psychology.

CLE Credits (Law)

Credit Value Type Format
NALA - - Credit not available
NFPA - - Credit not available
AL - - Credit not available
AK - - Credit not available
AR - - Credit not available
AZ - - Credit not available
CA - - Credit not available
CO - - Credit not available
CT - - Credit not available
DE - - Credit not available
FL - - Credit not available
GA - - Credit not available
HI - - Credit not available
IA - - Credit not available
ID - - Credit not available
IL - - Credit not available
IN - - Credit not available
KS - - Credit not available
KY - - Credit not available
LA - - Credit not available
ME - - Credit not available
MN - - Credit not available
MO - - Credit not available
MS - - Credit not available
MT - - Credit not available
NC - - Credit not available
ND - - Credit not available
NE - - Credit not available
NH - - Credit not available
NJ - - Credit not available
NM - - Credit not available
NV - - Credit not available
NY - - Credit not available
OH - - Credit not available
OK - - Credit not available
OR - - Credit not available
PA - - Credit not available
RI - - Credit not available
SC - - Credit not available
TN - - Credit not available
TX - - Credit not available
UT - - Credit not available
VA - - Credit not available
VT - - Credit not available
WA - - Credit not available
WI - - Credit not available
WV - - Credit not available
WY - - Credit not available

In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.

HR Credits

Credit Value Type Format
HRCI 1.5 General
On-Demand/Recording
SHRM 1.5 General
On-Demand/Recording

Accounting Credits

Credit Value Field of Study Format

Clear Law Institute 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: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550. 

CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.

Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.

100% of attendees recommend this webinar

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Comment

5 out of 5

Theresa B.

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