Building and Maintaining a Competitive Total Rewards Program
April 16 @ 1:00 pm - 2:00 pm EDT
Join our webinar Building and Maintaining a Competitive Total Rewards Program, that provides a roadmap for Human Resources to lead the development and maintenance of a highly effective system.
Organizations can engage external experts, hire internal experts, or they can pursue a blended approach that leverages the best characteristics of both external and internal capabilities. We’ll help you understand why, generally speaking, a blended approach is best. Specifically, properly trained, and experienced internal HR staff can design and deploy a competitive pay system. However, most companies will rely on external compensation surveys to benchmark the market.
This program is valid for 1 PDC for SHRM-CP® or SHRM-SCP® recertification.
This program has been pre-approved for 1 recertification credit hour toward aPHR®, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).
Developing and administering constructed total rewards compensation program will assist employers to pay market competitive rates and administer pay equitably among existing employees.
After the webinar, attendees will have a better understanding regarding:
- The types of compensation
- Determining the competitive market
- How to build a compensation structure step-by-step
- What’s needed to pay to attract and retain the best employees
- How to administer pay internally to ensure a rational career path with increasing pay for increasing levels of contribution
- How to maintain competitiveness and internal equity over time
- The value of a total rewards perspective
Meet your HR Experts presenting this Webinar:
Phil Davis, Senior HR Consultant
Phil has a broad background in human resources and organization development, including senior level experience with companies broadly recognized for their progressive human resources practices such as General Electric, Frito-Lay, and Pitney Bowes. His industry experience includes manufacturing, foods, IT consulting and national and international sales/marketing organizations. Phil is highly accomplished at helping organizations grow, building organizations and infrastructure, and in tailoring Human Resources programs and initiatives to the exact requirement of organizations in high change environments.
Teresa Monday, Director, Compensations & Sr HR manager
Teresa is a dedicated and results-driven Senior Human Resources Manager, developing and implementing HR strategies that support organizational goals. She has over 20 years of proven expertise in talent acquisition, recruiting, employee relations, performance management, compensation, HR Management, and compliance. Teresa is a strong communicator with a track record of fostering a positive workplace culture and enhancing employee engagement. She is passionate about supporting and developing efficient, standardized departmental processes and procedures, and recommending new approaches/procedures to effect continual improvement of operations performed.