Event Details

Compensation Transparency & Philosophy: How to Develop a Comp Strategy That Pays

HR leaders often question whether their current pay strategies are supporting their business need to attract and retain talent, questions such as: “Pay transparency – what’s all the fuss?  Is our compensation offering in line with market standards? What factors drive salary increases? Are employees expecting higher salaries or bigger incentives—or both?” And so on.

If these are questions you are facing, you don’t want to miss this event. You will learn how to examine your current pay structure and create a competitive and compelling value proposition. 

During this presentation, you will learn:

• What pay equity means and what it doesn’t mean—both legally and philosophically.
• The statutory requirements business must meet to be compliant with pay equity guidelines.
• The best way to benchmark compensation.
• How to define a clear compensation philosophy and why it is essential.
• How to allocate pay in a way that best suits your organization.
• What it means to strike the right balance between guaranteed compensation (salaries) and variable pay (incentives).
• How to increase performance by establishing the right metrics for your incentive plans.