Compensation 101: Introduction to Compensation Administration

David J. Wudyka
Instructor:
David J. Wudyka
Thursday
December 12 2024
10:00 AM PST | 01:00 PM EST
Duration: 90 Minutes
Webinar ID: 74079

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Price Details
Live Webinar
$149 One Attendee
$299 Corporate Live
Recorded Webinar
$199 One Attendee
$399 Corporate Recorded
Combo Offers
Live + Recorded
$299 $348 Live + Recorded
Corporate (Live + Recorded)
$599 $698 Corporate
(Live + Recorded)
Refund Policy

Live: One Dial-in One Attendee

Corporate Live: Any number of participants

Recorded: Access recorded version, only for one participant unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

Corporate Recorded: Access recorded version, Any number of participants unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

HRCI

The use of this seal confirms that this activity has met HR Certification Institutes (HRCI) criteria for recertification credit pre-approval.
This activity has been approved for 1.5 HR (General) recertification credit ...more

HSRM HRTraininngs is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. ?
1-hour educational program = 1 PDC.
1-hour and 15 minute concurrent conference session = 1.25 PDCs.
3-hour e-learning course = 3 PDCs.

Overview:

This will answer the question "what does a Compensation practitioner do"?

A formal Compensation program consists of six parts: Job Analysis, Job Descriptions, Job Evaluation, Pay Surveying Pay Range Construction, and In-Grade Pay Strategy. An optional seventh element is Incentive Pay Plans.

Within each of these areas, there is a role for the Compensation Analyst.

Why you should Attend:
To understand the basic elements and activities of a COMPENSATION Department

Areas Covered in the Session:

  • This will answer the question "what does a Compensation practitioner do?
  • The Program will describe the elements above and their framework in the Department
  • Job Analysis: The Study of work. How does an Analyst collect the necessary information?
  • Job Descriptions: What is the Analyst's role in this process? How is it done? Why is it important?
  • Job Evaluation: How does an Analyst evaluate the relative worth of jobs?
  • PaySurveys: What is the Analyst's role in obtaining pay data? How is it acquired?
  • Pay Structures: What is a "pay structure"? How is it built? When does it change?
  • In-Grade Pay Strategy: What are the options? What is "best"? How is the strategy administered?
  • The Seventh Step: Incentive Plans: Do you need them? Which Plans? The Administrator's role

Who Will Benefit:
  • Human Resource Managers
  • Compensation Analysts
  • Compensation Managers


Speaker Profile
David J. Wudyka, MBA, is the Managing Principal of Westminster Associates of Wrentham, MA (www.westminsterassociates.net). He has over thirty years experience as a Human Resource Consultant with a specialty in Compensation Consulting. David has taught extensively in colleges and universities such as UMass Boston, Bryant University, and the U.S. Coast Guard Academy. David is especially interested in how the HR Dept. can strengthen its role as a Strategic Partner in businesses today. He is writing extensively about how to improve pay transparency and to reduce the gender pay gap in ways that make sense for businesses of all sizes.

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