Compensation Communication - How to Create a Base Pay System That Makes Sense and Doesn’t Disappoint

This HR compliance training explains the best practices to adopt in order to effectively communicate compensation related issues to employees. You will also learn creating a base pay system that is sensible and fair.

Why Should You Attend:

Organizations of all shape and sizes struggle with the topic of how to communicate raises in a manner that does not lead to discouragement and discontent. This thought-provoking webinar explains why any attempt to "pay for performance" with base salaries is doomed to failure and what to do instead. This presentation will demonstrate why and how to disconnect the conversation about performance from the discussion regarding raises in pay.

Attendees will also gain insight on how to handle tough questions such as:

• I got a 10% raise last year but only 5% this year, even though I did just as well. How come?
• If I’m not interested in becoming a manager does that mean I’m stuck with cost-of-living salary increases forever?
• Everybody knows what everybody else makes around here. How come I didn’t get as big of a raise as the guy in the cubicle next to me?
• I’m a 25-year-old engineer and I do the exact same thing as a colleague who’s 50; how come she makes more?
• I just concluded my very best year and my boss admitted as much. How could he possibly give me a 2% raise?

This webinar will describe what the instructor calls "The Big Lie – Pay for Performance." It will also show how a misguided attempt to directly tie performance to base pay is at the root or our problem. It will teach you how to have short, honest, straight-forward conversations about pay using four real world drivers that determine raise amounts, regardless of who you are or what you do.

Learning Objectives:

• How to remove emotion from salary discussions by helping employees see the objective truth about pay
• Guidelines for answering ten tough questions employees might ask about salary.
• Clarity as to why almost every organization is doing something everyone hates.
• Insight into the four key components that already determine base pay adjustments.
• A foolproof script for communicating increases in a way that does not disappoint.
• What is involved in managing expectations about "salary reality" – which can have a tremendous positive impact on morale, productivity and retention.
• Using "Compa-Ratio" to establish salary levels that work for both the organization and the employee .
• How to dispel the myth that work performance predicts a big raise.