Learning Options

Base Pay Management
Certification Course: C4

Design a Fair and Competitive Plan

This intermediate-level course provides an in-depth discussion of the principles, design, implementation and evaluation of an employee base pay program. Exercises will show how to design a pay program that is fair, competitive and supportive of an organization’s compensation strategy.

• Identify the relationship between an employee total rewards program and an organization’s business strategy
• Discuss the design of base pay programs and necessary considerations
• Discover what it takes to implement and deliver base pay
• Study the key elements in costing base pay and other compensation programs
• Gain an overview of merit pay systems, including development and utilization
• Address the effectiveness and efficiency of pay programs with monitoring and evaluation

Who Should Attend

This course is intended for emerging compensation practitioners with limited experience in developing pay structures. Attendees should be able to apply concepts and techniques covered in courses T1, T3, C1 and C2. Knowledge of basic mathematical concepts such as mean, median, weighted average, compa-ratio, percentiles and calculating percents is recommended, as well as an understanding of the concept of regression analysis.

What You Will Learn

Role of Base Pay in Total Rewards

• Evolution from pay to rewards
• The total rewards model
• The total rewards design process
• Compensation philosophy and strategy
• Introduction to base pay
• Job evaluation methods
• Job worth hierarchy
• Role of the compensation professional

Designing Base Pay Structures

• Base pay structure
• Building a base pay structure
• Pay structure design considerations
• Pay structure design
• Broadbands

Practical Applications of Base Pay Structure Design

• Exercise 1—Market pricing approach
• Discussion exercise 2—Point factor approach
• Discussion exercise 3—Integrating market data into point factor

Base Pay Implementation and Delivery

• Pay approaches
• Job-based pay
• Person-based pay
• Differentials
• Pay actions
• Communicating pay actions

Costing

• Costing terms
• Costing impact
• Calculating base pay costs
• Costing methods
• Understanding compensation cost

Merit Pay

• Principles of merit pay programs
• The base pay investment
• Merit increase guidelines

Administering and Evaluating Base Pay Programs

• HR’s role in administering and evaluating a base pay program
• Monitoring pay levels
• Compression
• Maintaining pay structures
• Base pay program review and audit

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	Credits CCP: Required Certificate in Salary Administration: Required; Recertification: 2 course, .5 Exam CEUs: 1.5 Course, .3 Exam CPEs: 16 GRP Equivalency: GR4 CPT: 12 points CPIM/CFPIM/CSCP: 14 points PHR/SPHR/GPHR recertification hours: 16
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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.