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2 - HRC - Human Resources
HRC 149B - Job Evaluation & Salary Structure (10 Days)
Code | Start Date | Duration | Venue | |
---|---|---|---|---|
HRC 149B | 28 October 2024 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 02 December 2024 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 13 January 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 10 February 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 10 March 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 07 April 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 05 May 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 30 June 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 28 July 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 25 August 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 22 September 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 20 October 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 17 November 2025 | 10 Days | Istanbul | Registration Form Link |
HRC 149B | 29 December 2025 | 10 Days | Istanbul | Registration Form Link |
Course Description
Salary ranges help employers control their pay expenses and ensure pay equity among employees. It is critical that employers have rational explanations for why they pay their employees a certain rate, and defined salary ranges help accomplish that. The purpose of this course is to provide a basic set of steps for creating compensation grades and salary ranges.
Course Objectives
- Determine the organization's compensation philosophy
- Conduct a job analysis
- Rank positions using a job evaluation method
- Create job grades
- Determine how to deal with salaries not within range
Who Should Attend?
- HR & Compensation Professionals
- Managers who are involved in Salary Structure
- Everyone who requires an in-depth knowledge of working with and managing salary structures and compensation
Course Details/Schedule
Day 1
- The four ingredients for successful remuneration design
- Pay Strategy
- Grade Structure
- Market Data
- Number of Months
- Salary Survey
- 4 forms of equity and how to address each
- Aim of conducting salary survey
- Formal and informal surveys
- Quartiles and percentiles
- What else should be surveyed?
Day 2
- Developing Grading and Basic Salary Structures
- Definition and types of basic pay structures
- Job Evaluation
- Identifying Compensable factors
- Determining the relative worth of jobs
Day 3
- Different job evaluation systems
- Job Ranking
- Job Classification
- Factor Comparison
- Point Method
- Pros and cons of each method, and when to use each?
Day 4
- Job Grading
- Grouping similar jobs into pay grades
- Job families
- Grading methodologies
- Broadbanding
Day 5
- Pricing pay grades
- Plotting the wage curve
- Market pricing of jobs
- Establishing a strategic pay plan
Day 6
- Fine Tune pay rates
- Developing pay ranges
- The minimum starting
- The mid-point
- The maximum
- Correcting out-of-line rates
- Managing red and green circles
Day 7
- Implementing New Grading and Salary Structures
- The role of management in implementation
- The role of the HR and reward specialist
- Guidance on how to make changes that ensure successful implementation
- Communicating the new structures to employees
- Managing progression through a pay range and managing compa-ratio
- Coping with employees who reach the maximum of their pay scale
Day 8
- Advanced Techniques for Managing Market Pay Premium
- Different options for managing “pay premium” for specialist roles
- Adjusted basic salary pay scale or specialist grades with dedicated pay scales
- Additional skills premium allowance or market allowance
- Using ranges-within-ranges or using restrictive compa-ratio ranges
- Advanced concepts for managing salary structures and advanced design of pay scales
- Managing “Narrow-Bands” and “Broad-Bands” and “Ranges-within-Range”
- The Role of Recognition Programs for Employees
Day 9
- Identifying the most appropriate schemes for your company
- Understanding the popularity of incentive schemes
- Some of the challenges of developing incentive schemes in Asia
- The case for recognition
- Types of recognition plans
- The Role of Retention Programs for Employees
Day 10
- What is a retention program in both a risk and non-risk context?
- Why have retention plans linked to talent management and key employee plans?
- Identifying the most appropriate retention schemes for your company
- Types of retention plans and the typical costs of retention schemes