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| mulberry bags Summary: ?€?Compensation Program "Do?€?s and Don?€?ts"?€? is the topic of a webinar that TrainHR, a leading continuing professional education training provider for the Human Resources industry, will organize on July 25. David J. Wudyka, SPHR, the Managing Principal of Westminster Associates in Wrentham, MA will be the speaker at this session. ---------------------------------------------------------------------------------------------------------------- Description: This webinar is about ways by which senior management can devise compensation packages that help them attain competitive advantage. The aim of this webinar is to impart learning strategies that help to establish fairness in compensation. It seeks to inculcate ways to implement packages that are equitable and leaves less scope for employee issues. As a result of this learning session, participants will have clear ideas of how to simplify pay program administration, which will help them be more proactive and effective decision makers in the business. The speaker, who has over thirty years of experience as an HR professional, will cover the following areas during this webinar: o Why using a structured approach to pay program design is important o What is a ?€?formal Compensation program?€?? o The six steps in building a ?€?formal Compensation program?€? o Four goal-based characteristics of ?€?pay strategy?€? o The importance of pay equity, and the two forms it takes o The difference between ?€?Procedural?€? and ?€?Distributive Justice?€? o Qualitative vs. Quantitative performance assessment: which is better? o Is it ok to use more than one pay system ?€?under one roof?€?? o Why is it important to use ?€?pay ranges?€?? o Job Evaluation? Why can't we just ?€?market price?€? our jobs? o How can we get the most out of our modest merit budget? o The controversy about the use of Weighted Averages vs. Medians o ?€?We can get pay survey data for free? Where?!?€? o The most common pay program problem in companies of all sizes o Who are your ?€?key contributors?€? and why are they so important? o Don't have enough cash compensation? Consider ?€?cost shifting?€?! o Common confusion about ?€?cost of living increases?€? o Considering mimicking your competition? Don't do it! o Considering conducting your own pay survey? Don't do that either!
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