Compensate employees appropriately
As organizations grow, it is essential to recruit and retain the best talent – and a key component of that is appropriate compensation. When pay is viewed as fair for the work performed, employees are more likely to be engaged and satisfied with their work. Pay has to be "right" before other aspects of employment aspects even matter. In this webinar, we'll discuss the importance of designing a compensation strategy and structure, the basic process for conducting a compensation review, and how you can establish a base pay structure for your organization.
What you'll learn
- Understand why it's important to have and/or review your compensation structure/strategy - anytime, and in particular, now
- Outline the basic process for a compensation review, including both internal and external comparisons
- Compare and evaluate compensation resources
- Create the foundation of a base pay structure
- Determine additional compensation considerations beyond base pay
Who should watch
- Business owners and executives seeking to recruit/retain key talent
- HR professionals
- CFO/controllers/financial leadership