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C17: Market Pricing — Conducting a Competitive Pay Analysis (U.S.)

Learning Options

Market Pricing—Conducting a Competitive Pay Analysis
Certification Course: C17

Avoiding Analysis Paralysis

This course will provide a consistent and effective methodology for market-pricing benchmark jobs within an organization. Participants will have an opportunity to develop their data utilization skills through classroom practicum exercises.

  • Review common compensation strategies, base pay structure design, and the establishment and use of a job worth hierarchy.
  • Discuss how market pricing can support an organization’s business strategy.
  • Discover data sources, data collection options, salary survey formats and use of job matching.
  • Learn how the data from salary surveys can help you develop the market rate for benchmark jobs.
  • Discuss the use of statistical analysis tools and aging, blending, weighting and slotting data.
  • Learn how to handle exceptions or special situations.
  • Find out how to communicate market pricing to upper management and your organization.
Who Should Attend
Compensation and HR professionals with an interest in or responsibility for identifying competitive rates of pay, job evaluation and compensation.

What You Will Learn

Total Rewards and the Compensation Function

  • The total rewards model
  • Compensation philosophy and strategy
  • Base pay structure design
  • Job worth hierarchy

Market Pricing and Business Strategy

  • Market pricing
  • Terminology
  • Market pricing steps
  • Market pricing — advantages and disadvantages

Survey Data

  • Data sources
  • Data collection
  • Salary formats
  • Job matching

Collecting Survey Data

  • Survey selection
  • Data integrity
  • Multiple survey sources
  • Statistical data points
  • Documentation

Utilizing Survey Data

  • Utilizing Survey Data
  • Aging data
  • Blending and weighting
  • Regression
  • Internal versus external equity

National Plastics and Rubber Manufacturing — A Case Study

  • Case study

Exceptions and Special Situations

  • Total compensation
  • Incentives

Communication

  • Communication with employees and upper management
  • Organization-wide communication
  • Communication and survey sources
  
Credits
CCP: Required
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
CPEs: 16
PHR/SPHR/GPHR recertification hours: 16 (classroom); 14 (live CourseCasts)
GRP Equivalency: GR17
Faculty/Course Contributors
Course book amendments
Test your knowledge

Live Online Course Special Requirements!
This highly interactive online class takes advantage of the latest technology with breakout rooms allowing attendees to contribute in both large and small groups.  Participation in this course requires:

  • Landline telephone (cell phones will not work, and this online class will not broadcast through computer speakers)
  • Computer using a Windows-based operating system

Consider Bringing This Course to Your Location
This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.

 
Fees and Registration Registration Policies
Instructor-Led Traditional Classroom
Two-day Instruction
Course & Computer-based Certification Exam: $1,645 USD*  |  Member $1,125 USD
Note: Participants may schedule their exam through Computer-Based Testing.
Schedule/Registration
Course Only: $1,480 USD * | Member $990 USD
Schedule/Registration
Self-Paced E-Learning and Exam
Online Course & Certification Exam
About this option
30-day Access:  $1,585 USD  |  Member $1,125 USD
Add to Cart
60-day Access:  $1,810 USD  |  Member $1,300 USD
Add to Cart
120-day Access:  $2,295 USD  |  Member $1,650 USD
Add to Cart
Self-Paced Study Material and Exam About this option
Course Binder Only: $690 USD * | Member $460 USD (Plus shipping & handling.)
Add to Cart
Course Binder and Computer-Based Certification Exam:
$1,320 USD * | Member $925 USD (Plus shipping & handling.)
Add to Cart
Computer-Based Certification Exam Only: $705 USD * | Member $550 USD
Add to Cart

Please note: If you are purchasing an exam option, you must schedule and complete the computer-based exam within 120 days from the first day of a live instructor-led class or from date of purchase for all self-paced learning packages. Your eligibility expires after 120 days; however, 30-day exam extensions are available for a $150 USD fee when purchased before the original access expires. It is recommended that you complete your exam in a timely manner as exams may be updated without notification. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study binder and all e-learning product purchases are nonreturnable.

WorldatWork classroom locations offer e-binder technology to participants. Your certification course binder (and BAII calculator, if applicable) will be available for pick up on site the day of the course. For two-day courses, you may access the e-binder PDF two weeks prior to the course start date or upon registration if you register within two weeks of the course.

Live instructor-led e-learning class registrants, you will receive your course binder prior to the first day of class. Self-paced e-learning course purchasers will receive a course binder 5-7 days after date of purchase. 30-day extensions of e-learning access are available for a fee if purchased before original access expires.

Please visit www.worldatwork.org/seminars to download course binder amendments, view class rosters and to find out what to bring to your class.

*Join now and receive the best value. This includes both a one-year WorldatWork Premier membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.

 

 

 

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