2021 - Crucial Compensation Conversations - Understanding and Communicating the Compensation System

OVERVIEW
There may be one thing in organizational life no HR or Payroll department wants to get wrong, that is the paycheck of any employee! This webinar does not address payroll processing. It does address how your workers’ compensation plan is built on a philosophy, designed to achieve specific results from the perspective of recruiting, retaining, and engaging the workforce.
Variation in approaches with different job groupings or classifications is possible and even desirable. And how do you keep up to date on your “Pay” package? We will address these and many other areas of employee compensation and benefits in the webinar.
WHY SHOULD YOU ATTEND?
Do you have complaints about the compensation system, from staff, managers, leadership, or HR? Where are the issues coming from and why? Or are you looking for options to make your workers’ compensation plan more aligned with the market, technology, the environment?
This webinar explores the crucial compensation conversations and helps you optimize your system.
AREA COVERED
Defining the philosophy/philosophies of your compensation system
The link to performance management
Environment scans and adjustments
Defining market competitive pay
Total compensation defined
Variable pay options
Assessing and auditing your current workers’ compensation plan
Challenges of alignment
Roles of managers, employees and HR in the compensation system
COLA vs. P4P
Forms/Tools/Communications — communicating compensation to employees
Merit Matrix Models
LEARNING OBJECTIVES
This webinar can help you sort through the issues of employee compensation and benefits and develop a plan of action for addressing your most critical questions. The webinar will also help you link organization performance with employee compensation and benefits.
WHO WILL BENEFIT?
HR staff
Compensation Specialists
Business Owners
Board members
Supervisors/Managers
Anyone who has responsibility for compensation
SPEAKER PROFILE
Bob Verchota
Bob Verchota, SPHR, is the President and owner of RPVerchota & Associates, a human resources and management practices consulting firm. He has over 30 years of human resources and operational leadership experience. His most recent corporate assignments include serving as VP Support Services, VP of Ancillary Services and Human Resources, and VP Human Resources.
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Email: info-AT-247compliance.us
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