Certification Seminar C4 Base Pay Management

World at Work

Certification Seminar C4
Base Pay Management

Course Overview
This intermediate-level course provides an in-depth discussion of the principles, design, implementation and evaluation of an employee base pay program. Exercises will show how to design a pay program that is fair, competitive and supportive of an organization’s compensation strategy. On the third morning, an optional certification exam covers the content of this course.

Who Should Attend
This course is intended for emerging compensation practitioners with limited experience in developing pay structures. Attendees should be able to apply concepts and techniques covered in courses T1, T3, C1 and C2. Knowledge of basic mathematical concepts such as mean, median, weighted average, compa-ratio, percentiles and calculating percents is suggested, as well as an understanding of the concept of regression analysis.

What You Will Learn

The Role of Base Pay in Total Rewards
Addresses the objectives of an employee total rewards program and its relationship to an organization’s business strategy.

Evolution from pay to rewards
The total rewards model
The total rewards design process
Compensation philosophy and strategy
Introduction to base pay
Job evaluation methods
Job worth hierarchy
Role of the compensation professional

Designing Base Pay Structures
Addresses the design of base pay structures.

Base pay structure
Building a base pay structure
Pay structure design considerations
Pay structure design
Broadbands

Practical Applications of Base Pay Structure Design
Is a practice module that provides “real world” application of the concepts covered in the previous section, Designing Base Pay Structures.

Exercise 1 – Market pricing approach
Discussion exercise 2 – Point factor approach
Discussion exercise 3 – Integrating market data into point factor

Base Pay Implementation and Delivery
Covers other factors affecting individual and group pay, including differentials and various pay actions.

Pay approaches
Job-based pay
Person-based pay
Differentials
Pay actions
Communicating pay actions

Costing
Focuses on the key elements in costing base pay and other compensation programs and the application of various costing techniques.

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

Merit Pay
Presents the principles and techniques of merit pay systems including the development, utilization and costing of merit-increase guideline charts.

Principles of merit pay programs
The base pay investment
Merit increase guidelines

Administering and Evaluating Base Pay Programs
Addresses the process for evaluating the effectiveness and efficiency of pay programs. It also covers HR’s role in administration and maintenance.

HR’s role in administering and evaluating a base pay program
Monitoring pay levels
Compression
Maintaining pay structures
Base pay program review and audit

PEBA members: $950

WAW members: $1080

Nonmembers: $1,585

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