WorldatWork Course: Market Pricing: Conducting a Competitive Pay Analysis

Market Pricing: Conducting a Competitive Pay Analysis

October 10 & 11, 2024

Live sessions run from 8:30am - 4:30pm PDT

McGriff Insurance Services Inc. , 130 Theory, Suite 200, Irvine, California 92617

Help your organization compete for and win top talent by learning to build market-related salary structures and packages.

This course provides a consistent and effective methodology for conducting a competitive pay analysis. Plus, you’ll learn how to evaluate how your approach supports your organization’s hiring and retention goals, and compensation strategy.

Market Pricing: Conducting a Competitive Pay Analysis is ideal for HR and compensation professionals responsible for salary benchmarking and compensation program development. It is also well suited to professionals who lead programs in Total Rewards, compensation and benefits, as well as people leaders who want to better understand market pricing.

During this two-day course, you will:

• How to design a total rewards program, including a base-pay structure.
• Market pricing and business strategy, including, compensation philosophy, market position, and business life cycle.
• Market-based pay versus a pure market pricing approach – and the pros and cons of market-based job evaluations and pay design.
• Understanding salary survey data so you’ll know which options are most relevant for your business and employees.
• Leveraging salary survey data via aging, blending, adding a premium, weighting, modeling, and regression analysis.

To register for this event, CLICK HERE and you will go to the WorldatWork site and click the classroom tab, then scroll to the Oct 10, 2024 - Oct 11, 2024 event.