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Compensation Strategy and Planning
November 30 @ 12:00 pm - 1:00 pmFree
ERA has an exciting new compensation tool for our members, and it’s completely free! We have partnered with Payscale to bring you Payfactors Freemium. This service will allow you to access market salary survey data for up to 10 jobs. You’ll also get unlimited access to whitepapers, recorded webinars, and the Compensation Community where you can bounce questions and ideas off other members.
In addition to learning about this new free tool, we’ll also present information about compensation strategy. Higher pay, fair pay, equitable pay, and pay transparency are increasingly expected by talent. In a volatile market where salary information can be found with a search engine, traditional models for compensation management aren’t satisfying employees or setting businesses up for success.
Compensation strategy is a mix of how your organization competes when it comes to attracting, retaining, and engaging employees and managing the costs associated with human capital that fuel growth. Using a compensation maturity model as a progressive rubric or ladder can help your organization understand where it currently stands and where it must get to.
In this presentation, you’ll learn:
* Why compensation strategy is so critical right now
* What is the Compensation Maturity Model and why you need one
* How to apply the Compensation Maturity Model at your organization
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