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2 - HRC - Human Resources
HRC 177 - New Approaches in Reviewing Salaries and Wages
Code | Start Date | Duration | Venue | |
---|---|---|---|---|
HRC 177 | 02 December 2024 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 27 January 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 24 February 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 24 March 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 21 April 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 19 May 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 16 June 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 14 July 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 11 August 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 08 September 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 06 October 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 03 November 2025 | 5 Days | Istanbul | Registration Form Link |
HRC 177 | 01 December 2025 | 5 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. It aims at devising mechanisms for allocating workers to the sectors where their potential productivity is highest and for eliciting high levels of performance within organisations.
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
- Implementing new grading and salary structures
- The role of management in implementation
- The role of the HR and reward specialist
- Wage formation systems and macroeconomic outcome
- Theories of wage determination
- Wage determination diagram
- Wage determination in competitive markets
Day 2
- Systems of wage formation
- Non-union wage determination
- Collective bargaining
- Arbitration
- Mixed wage formation systems
- Equity versus efficiency
Day 3
- Salary Survey
- Aim of conducting salary survey
- Formal and informal surveys
- Quartiles and percentiles
- What else should be surveyed?
- Managing progression through a pay range
Day 4
- Managing compa-ratio
- The utilization of labor within organizations
- Advanced techniques for managing market pay premium
- Adjusted basic salary pay scale
- Advanced concepts for managing salary structures
- Managing “Narrow-Bands” and “Broad-Bands” and “Ranges-within-Range”
Day 5
- Recognition programs
- Identifying the most appropriate schemes for your company
- Understanding the popularity of incentive schemes
- The case for recognition
- Types of recognition plans
- The role of retention programs for employees