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Compensation Strategies for Small Business

Duration:
90 Minutes
Access:
6 months
Webinar Id:
700358
Register Now

Recorded Version

$195. One Participant

Recorded Version: Unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

"The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit."

"This program, has been approved for 1 (General ) recertification credit hours toward PHR, SPHR and GPHR recertification through the HR Certification Institute. Please be sure to note the program ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org."

Overview: Human Resource practitioners or General Managers should attend this program to create and implement effective Compensation strategies that can become a competitive advantage for their companies.

You will benefit by learning strategies that can help to establish equity (i.e. fairness) and to simplify pay program administration. A haphazard, laissez-faire program will lead to the same result that such programs lead to in larger companies: employee relations issues! Our pragmatic Webinar Leader, David Wudyka, SPHR, MBA, will offer his ideas for what small employers can do that larger companies know and by which they benefit.

Areas Covered in the Session:
  • What's different about "small business"?
  • Why small companies always seem to "do just what they have to"
  • What a "formal" Compensation program is
  • The six steps in building a "formal Compensation program"
  • Which of these six steps is/are "less accessible" to the small employer
  • How the other steps benefit the small business
  • Why small business must know "HR Law" too!
  • Job Descriptions: You may hate them, but don't take the risk of not using them!
  • Job Evaluation: It may seem like it's not for you, but think again…
  • How you can "price" your company's jobs
  • Pay Ranges: How they can benefit you, when you thought they couldn't!
  • How companies move pay through pay ranges
  • If you use Merit Pay, how can you determine the right size of a merit increase?
  • Incentive Compensation: is it just for large companies? Can it work for the small employer?
  • The overall benefits of pay program organization

Who Will Benefit:
  • Human Resource Managers
  • Compensation Analysts
  • Compensation Managers
  • Financial Managers of HR Departments
  • CEO's and General Managers of small companies
Instructor:

David J. Wudyka, MBA, is the Managing Principal of Westminster Associates of Wrentham, MA (www.westminsterassociates.net). He has over thirty years experience as a Human Resource Consultant with a specialty in Compensation Consulting. David has taught extensively in colleges and universities such as UMass Boston, Bryant University, and the U.S. Coast Guard Academy. David is especially interested in how the HR Dept. can strengthen its role as a Strategic Partner in businesses today. He is writing extensively about how to improve pay transparency and to reduce the gender pay gap in ways that make sense for businesses of all sizes.


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