OUTCOMES

By the end of this one-day base compensation course, you will:

• Know how to determine the relative worth of jobs within the organization while taking into account pay equity
• Be able to develop a salary grade structure for your organization
• Determine which method of base pay is congruent with your organization’s goals and objectives
• Be able to assess your organization’s market competitiveness
• Apply the compensation principles to assess the design and implementation of your organization’s pay policies and pay structure and make recommendations as required

THEMES

a] The Employee Value Proposition

Learn how to develop the employee value proposition, which plays an integral role in determining how the organization should be compensating its employees.

b] Understanding Compensation Strategy

This module takes you through the process of developing an overall compensation strategy. Get an overview of all the elements that comprise a compensation strategy and begin to understand the complexity involved in designing and implementing an effective compensation strategy.

c] The Elements of Pay

Build a comfort level in pay levels, pay structures, pay mixes, and pay administration to understand the implications of policy changes.

d] Methods of establishing base pay

The Market method and the Job Evaluation method will be explored in depth so that you can fit the right method to your organizational culture and circumstances.

e] Job Evaluation

Learn the process of setting the relative value of jobs within the organization. This involves analyzing jobs, selecting compensable factors, weighting factors, and establishing salary grades. The two job evaluation methods that will be explored in detail are the Factor Point and Point Factor methods.

f] Establishing Market Competitiveness

Working in groups with survey data, you will learn how to crunch and analyze the numbers to determine where yourorganization sits in the market.

g] Setting Grade Structures

Acquire the skills to establish a salary grade structure for your organization, which is a key way to communicate your compensation philosophy.

EXPERIENCE + TOOLS

Interactive learning

You engage in working groups to practise using survey data.

Takeaways

• Base Compensation Workbook
• Job Evaluation Techniques and Models
• Pay Equity Framework
• Market compensation competitiveness techniques

BENEFITS

By the end of this one-day base compensation course, you will:

• Understand all of the elements of pay including what makes for a compensation strategy
• Know how to determine the relative worth of jobs within the organization while taking into account pay equity
• Be able to develop a salary grade structure for your organization
• Determine which method of base pay is congruent with your organization’s goals and objectives
• Be able to assess your organization’s market competitiveness
• Apply the compensation principles to assess the design and implementation of your organization’s pay policies and pay structure and make recommendations as required

PARTICIPANT PROFILE

This program is designed for professionals, experienced managers, and directors who have limited in-depth knowledge of compensation practices. Attendees should be in the position to apply concepts and techniques covered in the program to their organization.Job titles and organizations of some recent attendees:

• Total Awards Analyst, Empire Life
• Manager - Total Rewards, Skyservice Airlines
• Managing Director, Nelson Industrial Inc.
• Human Resources Consultant, City of Grande Prairie
• Human Resources Representative, CPS Wood Products
• Director of Organizational Development, Lambton County Developmental Services
• Director, Human Resources, HBC
• Compensation Consultant, TELUS
• Executive Manager, Elmwood Spa
• Manager, Human Resources, Lakeside Process Controls Ltd.
• Manager, Total Rewards & HCM, Kinross Gold Corp.
• Human Resources Manager, Aquatera Utilities
• VP Human Resources, Crosbie Group
• Human Resources Generalist, Industrial Accident Prevention Association (IAPA)
• Human Resources Coordinator, City of Lethbridge
• Human Resources Manager, LCBO
• Director of Human Resources, St. Jerome's University
• Director of Human Resources, Capital Health
• Manager, Human Resources, Insurance Bureau of Canada
• Administrative Director, Concordia University
• Manager, Human Resources, Goodlaw Services Limited 

FACULTY

Cousineau, Eric: (This facilitator does not have a bios yet. Please come back soon!)

Riddell, Chris: (This facilitator does not have a bios yet. Please come back soon!)

VENUE & ACCOMODATIONS

There are no scheduled instances of this program at the time. Please check back later.