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Controlling Salary Ranges: Developing Cost Effective Salary Structures

Summary

Live Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

With turnover costing employers hundreds of thousands of dollars per year, finance must understand how to set effective and competitive pay rates. This becomes more important than ever as today's employees gain more insight into the market. Take control of your HR cost center and positively impact your bottom line by reducing employee turnover and lowering recruiting costs. Join us for a live, 60-minute webinar to discover:

  • Strategies for benchmarking pay: What does "competitive" mean today?
  • Pay planning: Tying new pay structures to market rates
  • Working within the pay structure: Compression strategies and more
  • Controlling turnover: Setting salary to protect your bottom line

Program Highlights

  • Control the HR Cost Center: The Role of Finance in Employee Retention

    • Keys to designing compensation programs that benefit your budget
    • The high cost of turnover: How it impacts revenue & profitability
    • Pay and benefits: Building an attractive & competitive package
  • Compensation Program Modeling: Choosing the Right Design

    • Compensation without breaking the bank: Crunching the numbers
    • The six steps for developing a "formal" compensation program
    • Pay structure benchmarks: Leading, lagging or meeting the market
  • Reduce Turnover and Save Recruiting Costs: Benefit Compensation Keys

    • Key cost savings of retention: Why recruiting costs so much more
    • Stay in control: Navigating within set pay and bonus structures
    • "Non-traditional" incentives: 401K's, paid time off, telework and more
  • Live Question & Answer Session - Have your questions answered by the expert!

About The Speaker

David J. Wudyka, MBA, BSIE, is the Founder and Managing Principal of Westminster Associates, a Massachusetts-based Human Resource and Compensation firm that specializes in pay, performance and productivity issues.

  • Mr. Wudyka is one of the first 200 people in the U. S. to be certified in the field of Compensation by the former American Compensation Association, which also gave him a Lifetime Achievement Award.
  • He taught the SHRM Certification program at Bryant University for over 24 years. He speaks and writes frequently on HR and Compensation issues, including public seminars offered around the country.
  • David brings more than 30 years of professional HR and Compensation experience to the table. Prior to starting Westminster Associates, Mr. Wudyka was an internal International and Domestic Compensation Consultant at Raytheon's Corporate Headquarters in Massachusetts.

Program Benefits

Join us for this 60-minute webinar to discover how to boost retention and profitability by setting competitive pay ranges in your organization.


Prerequisites

  • None

Delivery Method

  • Group Internet Based

NASBA Field Of Study

  • Accounting - Finance

Program Level

  • Basic Knowledge Required