Boss Calls™
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Next Boss Call™: Creating and Maintaining a Pay Scale
December 20th, 2022 1-2:30 pm CENTRAL
One of the most basic functions of HR’s business management duties is to establish compensation packages that are competitive and equitable and that promote employee engagement and high performance.
Competitive compensation practices are essential to employee recruitment and retention efforts.
The development process, however, does not have to be an overwhelming task. Building a market-based pay structure should include the following steps:
Gathering background information
Conducting a market data analysis
Developing the pay structures
Calculating the costs of the pay structures
Implementing and evaluating the new pay structures
Join me, Lisa Smith, as we walk through this somewhat daunting task and see how we can take a more positive view of creating pay scales in your workplace.
Lisa Smith, SPHR, SCP
EEOC Certified Investigator
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Lisa Smith, SPHR, SHRM – SCPCertified EEO Investigator (EEOC)Lead Support and Content Chief – HelpDeskforHR.com“You cannot be audit-proof, but you can Be Audit-Secure.” |
