Compensation 101 for Managers

Knowing whether you are compensating employees fairly and competitively is critical to creating an equitable workplace where people want to stay and give their best effort. Supervisors and managers need a baseline understanding of compensation methodology and tools for communicating with their employees, especially when pay is linked to performance. In this session, we will discuss how employers can develop their compensation strategy and pay structure, so employees can feel confident that their knowledge, skills, and performance are valued and rewarded.

• Review key terminology relating to compensation
• Understand how to go about developing a compensation philosophy and strategy
• Review methodology for benchmarking jobs to ensure market competitiveness and alignment with your strategy
• Gain tools for reviewing and communicating compensation with your employees

• Supervisors and managers who are responsible for performance management and compensation review
• HR professionals and organizational leaders looking to develop their knowledge of talent management and compensation practices

Tyler Meuwissen & Suzi Wear - Xenium HR

SHRM - 1.5

Host or Publisher Xenium HR