EANJ has partnered with TrainHR, a leading HR training solutions provider, to bring you timely and valuable webinars on various HR topics.
EANJ MEMBERS SHOULD CONTACT EANJ FOR A DISCOUNT PROMO CODE FOR THIS SESSION.
In this webinar we will build a pay structure using hypothetical pay survey data.
Areas Covered in the Session: In the process you will learn:
- What data to use from pay surveys you possess
- The importance of benchmark jobs and their associated data
- How much survey data to use for building the pay structure
- What a "weighted average" is and why it is important
- What to use as a measure of the pay range midpoint: "weighted averages" or "medians"?
- The difference between "regression analysis" and "correlation analysis?"
- How wide pay ranges should be in percentage terms
- The ideal range spread for "midpoint to midpoint spreads"
- What the "seed data" should be for the development of pay ranges
- How to test and integrate your employee pay rates into the new pay structure
- How often to update your pay structures
Session is approved for SHRM Recertification Credit.
EANJ MEMBERS SHOULD CONTACT EANJ FOR A DISCOUNT PROMO CODE FOR THIS SESSION.