|Organizations nationwide seek to continuously improve performance and motivation while simultaneously reducing costs. A great way to do this is through compensation practices.
But without effective systems in place and data available, employee compensation can run counter to efficiency and performance objectives set by the organization.
As such, the implementation of market-based pay structures is increasingly necessary in order for organizations to remain competitive, administer compensation fairly and easily, and allocate limited financial resources where they are most needed.
This training session will show you best practices for setting fair and effective pay ranges. During the presentation, you will learn about:
- Steps for designing a market-based compensation system
- Compensation economics
- Recognition programs
- Sustaining high performance through a merit matrix
About Your Speaker
Ed Rataj is the Managing Director of Compensation Consulting at CBIZ Human Capital Services. He has over sixteen years experience in the area of human resources, focusing on designing innovative compensation programs. Prior to joining the Firm, Mr. Rataj served as a Compensation Consultant for Mellon (formerly known as Buck Consultants), and was employed by William M. Mercer.
Mr. Rataj's expertise includes designing market-based and job evaluation-based compensation programs, linking pay with performance, pay structures and compensation surveys, as well as developing policies and procedures. He routinely serves as an expert witness on matters of compensation and was recently quoted as an expert in the area of compensation in the Wall Street Journal and Smart Money magazine.
Mr. Rataj is a certified Compensation Professional (CCP), is the past President of the St. Louis Compensation and Benefits Network (CBN), and is a member of WorldatWork (formerly known as the American Compensation Association).
PHR / SPHR Credits!
This program has been approved for 1.5 recertification credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCIs criteria to be pre-approved for recertification credit.
Cannot Attend The Live Presentation?
This presentation is also available on CD after the initial broadcast.