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Crucial Compensation Conversations - Understanding and Communicating the Compensation System

instructor
By: Bob Verchota
Recorded Session
Duration
60 Minutes
Training Level
Intermediate to Advanced

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Recorded Session

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Webinar Details

There may be one thing in organizational life that no HR or Payroll department wants to get wrong: an employee's paycheck! This webinar does not address payroll processing. It does address how your workers’ compensation plan is built on a philosophy, designed to achieve specific results from the perspective of recruiting, retaining, and engaging the workforce.
 
Variation in approaches with different job groupings or classifications is possible and even desirable. And how do you keep up to date on your “Pay” package? We will address these and many other employee compensation and benefits areas in the webinar.

WHY SHOULD YOU ATTEND?

Do you have complaints about the compensation system, from staff, managers, leadership, or HR? Where are the issues coming from and why? Or are you looking for options to make your workers’ compensation plan more aligned with the market, technology, and the environment?
 
This webinar explores crucial compensation conversations and helps you optimize your system.

AREA COVERED

  • Defining the philosophy/philosophies of your compensation system
  • The link to performance management
  • Environment scans and adjustments
  • Defining competitive market pay
  • Total compensation defined
  • Variable pay options
  • Assessing and auditing your current workers’ compensation plan
  • Challenges of alignment
  • Roles of managers, employees, and HR in the compensation system
  • COLA vs. P4P
  • Forms/Tools/Communications — communicating compensation to employees
  • Merit Matrix Models

LEARNING OBJECTIVES

This webinar can help you sort through the issues of employee compensation and benefits and develop a plan of action for addressing your most critical questions. The webinar will also help you link organizational performance with employee compensation and benefits.

WHO WILL BENEFIT?

  • HR staff
  • Compensation Specialists
  • Business Owners
  • Board members
  • Supervisors/Managers
  • Anyone who has responsibility for compensation

Do you have complaints about the compensation system, from staff, managers, leadership, or HR? Where are the issues coming from and why? Or are you looking for options to make your workers’ compensation plan more aligned with the market, technology, and the environment?
 
This webinar explores crucial compensation conversations and helps you optimize your system.

  • Defining the philosophy/philosophies of your compensation system
  • The link to performance management
  • Environment scans and adjustments
  • Defining competitive market pay
  • Total compensation defined
  • Variable pay options
  • Assessing and auditing your current workers’ compensation plan
  • Challenges of alignment
  • Roles of managers, employees, and HR in the compensation system
  • COLA vs. P4P
  • Forms/Tools/Communications — communicating compensation to employees
  • Merit Matrix Models

This webinar can help you sort through the issues of employee compensation and benefits and develop a plan of action for addressing your most critical questions. The webinar will also help you link organizational performance with employee compensation and benefits.

  • HR staff
  • Compensation Specialists
  • Business Owners
  • Board members
  • Supervisors/Managers
  • Anyone who has responsibility for compensation

SPEAKER PROFILE

instructor

Bob Verchota, SPHR, is the President and owner of RPVerchota & Associates, a human resources and management practices consulting firm. He has over 30 years of human resources and operational leadership experience. His most recent corporate assignments include serving as VP Support Services, VP of Ancillary Services and Human Resources, and VP Human Resources. Focus areas include organization change and employee development, talent acquisition, risk management, compensation and benefits, labor and employee relations, performance improvement, and other operational issues. 

Academic pursuits include an undergraduate degree in Business Administration, graduate degree in Healthcare Administration (MHA), and doctoral work in Organization Development EdD (abd). He has taught at the technical, baccalaureate, and masters levels in several colleges and universities.

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