Quality salary survey data is essential when market pricing jobs to establish an externally competitive compensation plan. Today, market pricing is by far the most commonly used job evaluation methodology.
This webinar will look at how to identify, select, analyze, and use salary surveys to develop a competitive market-based pay program. Topics will include basic statistics terms, benchmark jobs, aging survey data, salary ranges, range midpoints and midpoint progression, compa-ratio, market index, and regression analysis. There will be a demonstration on how to create a salary structure.
The importance of communicating the compensation program effectively will also be discussed and practical tips will be provided for delivering a transparent message to employees so they may understand and, ultimately, buy into the program.
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.
Credit Hours - You must attend for 90 minutes to be eligible:
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.
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