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Training Course Syllabus:


This seminar is designed for human resource and benefits professionals, finance managers, payroll managers, business and office managers and accountants.

This seminar is designed to help anyone involved in managing or developing a compensation system for a company. It will provide you with a thorough overview of the things that need to be considered before developing or redeveloping a pay system, and it will help you look at your existing program in a fresh way. The program will cover: setting wage and salary levels, the uses of pay ranges, finding adequate competitive information, developing your benefits program, the philosophy and design of incentive plans, and how to use compensation as a tool for implementing your company’s business strategy.

Topics to be discussed include:

• How To Begin Thinking About Compensation

• Setting Wage And Salary Ranges

• Developing A Benefits Package

• Creating Incentive Programs

• Executive Compensation

8:30 a.m. - 9:10 a.m.

I. Where To Begin

A. What Are You Trying To Do?

B. Considering The Company’s Mission

C. Meeting Challenges In The Environment

D. What Distinguishes High Performing Companies?

E. Characteristics Of A Good Compensation Program

F. The Limits Of Compensation’s Impact

9:10 a.m. - 10:50 a.m.

II. Developing A Wage And Salary Program

A. Alternative Approaches

B. Setting Pay Ranges That Work

C. Performance Review Issues

D. Giving Raises

E. Keeping The System Current

10:50 a.m. - 11:00 a.m.

Break

11:00 a.m. - 12:30 p.m.

III. Your Benefit Package

A. Impacting Recruiting And Retention

B. Benefit Trends

C. Cost Containment

12:30 p.m. - 1:30 p.m.

Lunch (On Your Own)

1:30 p.m. - 2:50 p.m.

IV. Incentive Programs

A. Motivation

B. Basic Issues In Thinking About Incentives

C. Design Issues

D. What Works

2:50 p.m. - 3:00 p.m.

Break

3:00 p.m. - 3:45 p.m.

V. More On Incentives

3:45 p.m. - 4:15 p.m.

VI. Basic Executive Compensation Issues

A. Structuring Long-Term Incentives

4:15 p.m. - 4:30 p.m.

VII. Summary And Questions

Seminar Summary:

 (see full course description)

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