Compensation Plan Design

by Mr. Michael Krebsbach of Associated Builders and Contractors, Inc. Eastern Pa. Chapter

Posted to Event on 4/25/2018 at 12:56 PM

{"ops":[{"attributes":{"bold":true},"insert":"Compensation Plan Design"},{"attributes":{"header":1},"insert":"\n"},{"insert":"\n"},{"attributes":{"color":"#777777"},"insert":"Be happy your employees are not free agents. "},{"insert":"\n\n"},{"attributes":{"color":"#777777"},"insert":"In the world of professional sports, free agents set their own prices. Luckily, small businesses don’t operate the same way. So you need to understand what the price of a fair wage is in your industry, and in your neighborhood. "},{"insert":"\n\n"},{"attributes":{"color":"#777777"},"insert":"Learn how to create a strategic compensation plan for your company in “Compensation Plan Design”. A half-day course."},{"insert":"\n\n"},{"attributes":{"color":"#777777"},"insert":"This hands-on session will help you define a compensation philosophy for your company and develop goals for your compensation packages. You’ll get a detailed look at the different kinds of base pay programs and job evaluation methods, and you’ll learn how to use salary surveys to market price jobs and design salary structures. This session will also introduce concepts regarding incentive compensation, including the various types of plans, what to consider when designing a plan, and best practices for using incentives to drive performance."},{"insert":"\n\n"},{"attributes":{"color":"#777777","bold":true},"insert":"Learning Objectives"},{"insert":"\nWork with the leadership of your organization to define a compensation philosophy and set strategic rewards goals"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Determine the external market value of a job using salary surveys"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Construct pay ranges"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Understand types of increases to base pay"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Understand the importance of consistent wage and salary administration and communication"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Introduce incentive/bonus plan concepts  "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\n\n"},{"attributes":{"color":"#777777","bold":true},"insert":"Thursday, August 30th"},{"insert":"\n"},{"attributes":{"color":"#777777"},"insert":"8:30 am - 11:30 am"},{"insert":"\n"},{"attributes":{"color":"#777777"},"insert":"East Norriton Main Office"},{"insert":"\n"},{"attributes":{"color":"#777777","italic":true},"insert":"430 W. Germantown Pike, East Norriton PA 19403"},{"insert":"\n\n"},{"attributes":{"color":"#777777"},"insert":"Cost - $125 Per Person"},{"insert":"\n\n"},{"attributes":{"color":"#777777"},"insert":"To Register Visit: "},{"insert":"http://www.abceastpa.org/Calendar/ctl/viewdetail/mid/9891/itemid/22316/d/20180830/Compensation-Plan-Design \n"}]}


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