Benchmarking Fundamentals

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01 May

Benchmarking Fundamentals

Benchmarking Fundamentals

Thursday, May 1, 2025 (12:00 AM) to Wednesday, December 30, 2026 (11:59 PM)
2.5 PDCs
Provider: Management Association dba HR Source
Course Name: Benchmarking Fundamentals

Speaker: Kathryn O'Connor
Program Type: Videoconferences, webcasts, audiocasts, podcasts, eBooks, self-directed E-Learning
Registration URL: http://www.hrsource.org

Email Details

Having market-based pay ranges are essential to appropriately compensate employees and ensure equity across the organization. This program provides hands-on training so you can benchmark different jobs, develop pay ranges, and create reports to analyze your organization's financial position as it relates to pay. Participants in this program will: Understand the importance of a total compensation philosophy. Learn to develop a base pay system by using surveys and by understanding several approaches to base pay. Participate in building a base pay benchmark using multiple survey sources. Learn how to age and weight data. Build pay ranges for individual jobs. Discuss setting employee pay rates and how to address rates falling outside of the range.

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Having market-based pay ranges are essential to appropriately compensate employees and ensure equity across the organization. This program provides hands-on training so you can benchmark different jobs, develop pay ranges, and create reports to analyze your organization's financial position as it relates to pay. Participants in this program will: Understand the importance of a total compensation philosophy. Learn to develop a base pay system by using surveys and by understanding several approaches to base pay. Participate in building a base pay benchmark using multiple survey sources. Learn how to age and weight data. Build pay ranges for individual jobs. Discuss setting employee pay rates and how to address rates falling outside of the range.