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Managing Pay Compression

Webinar Id: 700339   |   Refund Policy
Instructor:
David J. Wudyka
Duration:
90 Minutes
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Recorded
$195.

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"The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit."

"This program has been approved for 1.5 (General ) recertification credit hours toward PHR, SPHR and GPHR recertification through the HR Certification Institute. Please be sure to note the program ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org."

Overview: Human Resource practitioners should attend this program to create and implement effective strategies for combatting compression in their companies. If left alone, this problem festers and leads to employee relations issues that don't surface until turnover signals its presence. The pragmatic Webinar Leader, David Wudyka, SPHR, MBA, will offer his ideas for "do's and don'ts" when managing compression.

Areas Covered in the Session:
  • How to define pay compression
  • How to design and implement practical solutions to compression
  • The number one cause of pay compression
  • What employers overlook that leads to compression
  • The importance of administrative diligence
  • How pay range quartiles can be used to help manage compression
  • The role of "Equity Adjustments"
  • The important influence of the Employment function
  • Why the ratio of Supervisory: Subordinate pay matters
  • Can pay compression ever be good?
  • The impact of compression upon discrimination
  • How the "Merit Matrix" can help in managing compression
  • Turnover: the ultimate consequence of compression

Who Will Benefit:
  • Human Resource Managers
  • Compensation Analysts
  • Compensation Managers
  • Financial Managers of HR Departments
Instructor:

David J. Wudyka, MBA, is the Managing Principal of Westminster Associates of Wrentham, MA (www.westminsterassociates.net). He has over thirty years experience as a Human Resource Consultant with a specialty in Compensation Consulting. David has taught extensively in colleges and universities such as UMass Boston, Bryant University, and the U.S. Coast Guard Academy. David is especially interested in how the HR Dept. can strengthen its role as a Strategic Partner in businesses today. He is writing extensively about how to improve pay transparency and to reduce the gender pay gap in ways that make sense for businesses of all sizes.


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