Course Overview
This intermediate-level, two-day course provides an in-depth discussion of the principles, design, administration, and evaluation of an employee base pay program. Exercises will show you how to resolve differences between a job's internal worth and market data, helping you to design a base pay program that is fair and competitive, while supporting your organization’s compensation strategy. On the third morning, an optional certification exam covers the content of this course.

Who Should Attend
This course is designed for emerging compensation professionals with limited experience in developing pay structures. You’ll benefit most from this course if you have mastered the concepts presented in WorldatWork courses T1, T3, C1 and C2. You should also know basic mathematical concepts such as mean, median, weighted average, compa-ratio, percentiles, and calculating percents, as well as the concept of regression analysis.

What You Will Learn

Role of Base Pay in Total Rewards

• Evolution from pay to rewards
• Introduction to base pay
• Role of compensation professional

Designing Base Pay Structures

• What is a base pay structure
• Building a base pay structure
• Pay structure design and considerations
• Broadbands

Practical Applications of Base Pay Structure Design

• Market pricing approach
• Job evaluation approach

Base Pay Implementation and Delivery

• Pay approaches
• Job- and person-based pay
• Differentials
• Pay actions
• Communicating pay actions

Costing

• Costing terms
• Calculating base pay costs
• Costing methods
• Understanding compensation costs

Merit Pay

• Introduction to merit pay
• Factors affecting the success of merit pay
• Considerations in the amount of the increase
• Merit increase guidelines
• Timing of increases

Administering and Evaluating Base Pay Programs

• HR’s role
• Maintaining pay levels and structures
• Compression
• Base pay program review and audit
• Applying the results