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Compensation decisions that determine how to construct salary ranges, which employees will get pay increases and how much they deserve can make or break your business. Our upcoming webinar discusses how to use the salary budget for maximum effect on employee performance while still ensuring equity within internal and external components and avoiding compliance problems.
The webinar covers the following key areas:
It’s a fact of life that most people have to work for money. Even people who love their jobs likely would not perform them for free.
To a company, the salary budget is its biggest expense. However to your employees, it’s a reward system for their work performed in your company and for the skills they bring to the workplace. It is also communicating to your employees what sort of work ethic, skills, and attitude are rewarded at your company.
So when a company determines how pay-for-performance matrix system is structured, including wage rates and for what and how employees will be rewarded, those decisions are critical “make or break” decisions.
Today, every company is a performance based company and as such needs to learn how to use what salary budgets it has for maximum effect on employee performance while still ensuring equity within internal and external components and avoiding compliance problems.
The benefit of your extra effort regarding compensation is that you can drive your funds towards rewarding high-performing employees and send the right messages regarding what your company really rewards.
WHO WILL BENEFIT
Business Owners and CEO's
Speaker Profile: Teri Morning, MBA, MS, SHRM-SCP, is President of Hindsight Human Resources, LLC and specializes in solving company “people problems.” She has 20+ years of professional experience.