Course description
SBA Loan Guarantees: Current Purchase Issues and Complexities
You want your organization to be competitive when it comes to compensation. Make sure you have the proper policies in place to remain competitive and cost-effective. Organizations nationwide seek to continuously improve performance and motivation, while simultaneously reducing costs. This arduous task often becomes the responsibility of human resources. Without effective systems in place and data available, employee compensation can run counter to efficiency and performance objectives set by the organization. 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 topic will review best-practice steps to compensation system design.
Learning Objectives
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Who should attend?
Training content
- Compensation Economics
- Law of Supply and Demand as It Relates to Compensation
- Impact of Artificial Floors or Ceilings on Compensation Economics
- Economic Trends Caused by Current EconomyMarket-Based Compensation System Design
- Purpose of a Compensation System
- Steps to Designing a Compensation SystemDeveloping Compensation Policies
- Reasons to Implement Compensation Policies
- Review of Advisable Compensation Practices, Typical Policies and ProceduresRecognition and Sustaining High Performance Through a Merit Matrix
- Concept and Samples
- Modeling
- Benefits
Costs
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Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...