Compensation Essentials I Workshop

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04 Jun

Compensation Essentials I

Compensation Essentials I

Wednesday, June 4, 2025 (12:00 AM to 11:59 PM)
7 PDCs
Provider: MFS Consulting, LLC
Course Name: Compensation Essentials I Workshop

Speaker: Mollie Frideres
Program Type: Seminar/Workshop
Registration URL: https://www.hrhotlineassociates.com/workshops/compensation-essentials-i-workshop
Compensation Essentials I, Ankeny, Iowa
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At the end of this session, participants will be able to: • Define compensation at its fundamental level providing a historical perspective • Describe the transactional vs. strategic elements of compensation • Distinguish base pay from variable pay • Discuss compensation’s role in total rewards and relationship to employee engagement • Draft a compensation philosophy applying four key elements as defined by WorldatWork • Conduct a salary market analysis by market pricing jobs using company information, job descriptions and survey data applying acceptable benchmarking approaches • Develop market aligned salary ranges for benchmarked jobs • Determine application and effective use of salary ranges • Identify key practices and guidelines for base pay compensation administration • Discuss legislative acts, legal considerations and compliance requirements regarding compensation programs and salary decisions • Make salary determinations in a variety of situations applying rationale that reflect sound compensation and legally compliant practices • Develop an on-the-job Action Plan

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Come prepared to roll up your sleeves and participate in a highly interactive and dynamic learning experience. Compensation Essentials I is focused on base pay. You will apply concepts, practices and techniques that will help you create effective, equitable and organizationally aligned compensation programs. Topics include compensation philosophy, base v. variable pay, job benchmarking, salary market analyses, survey & data selection, acceptable pay parameters and market-priced salary ranges that will guide you in the positioning of employee pay, assessing legal and ethical compliance issues, applying best & acceptable practices, FLSA classifications and MORE … Who should attend? Beginner to intermediate Compensation Professionals; Human Resources Professionals who would like to learn more about compensation fundamentals; and Managers responsible for compensation administration and salary determinations. As a participant, you will receive a participant guide, a full set of the workshop slides, along with additional handouts and tools for you to use on the job.

Compensation Essentials I
Compensation Essentials I
1055 SW Prairie Trail Pkwy
Ankeny, IA 50023-7074

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