"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 if they are considering implementing a merit pay program, or if they need to improve an existing merit pay program. When properly designed, a merit pay program can be one effective element of a comprehensive performance management program in your company, and help to create a competitive advantage. You will benefit by learning strategies that can help to establish equity (i.e. fairness) and simplify pay program administration. Our pragmatic Webinar Leader, David Wudyka, SPHR, MBA, will share his considerable insight on this topic.

Areas Covered in the Session:

• How to define "merit pay"
• The misperceptions of merit pay
• Where merit pay "fits" in the design of a "formal Compensation program"
• How Supervisors can align "pay and performance"
• The sometimes controversial "merit matrix"
• How to link performance appraisals and merit pay increase %'s
• The relationship between "position in range" and merit pay %'s
• The underlying reason why people see merit pay as "doomed to fail"
• How can we get the most out of our modest merit budget?
• Merit pay as a "zero sum game"
• The importance of inter-rater reliability to merit pay programs
• What's life like at work without merit pay?
• Alternatives to merit pay
  

Who Will Benefit:

• Human Resource Managers
• Compensation Analysts
• Compensation Managers
• Financial Managers of HR Departments
• CEO's
• General Managers