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
Computer-Based Certification Exam Only $880USD | Member $625USD
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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 class registrants, you will receive your course binder prior to the first day of class. Self-paced e-learning course purchasers now have the option of print or e-binders. Those who choose the e-binder option will receive the binder electronically for the length of your e-learning program. Those who choose the print version of the course binder will receive it 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.
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