Compensation & Benefit Plan Design Basics

Description

Compensation and benefits planning and design can be overwhelming without knowledge of the basics. This session will involve hands-on practice for using a salary survey, creating a basic compensation strategy with base pay and variable pay, and cover simple things HR can do to reinforce positive results in your organization without breaking the bank. We’ll also discuss money-saving tips for your benefit plan design, and a review of legally-required benefits will also be provided
Key Learning Points:

  • Role of the compensation department
  • Job evaluations and marketing pricing
  • Salary ranges and base pay management
  • Variable pay: incentives, recognition, and more
  • Compliance and trending compensation and benefits topics
  • Health care funding options