GR4 - Base Pay Management

Course details

Course Objectives

• 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

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.

Course Outline

• Role of Base Pay in Total Rewards
• Designing Base Pay Structures
• Practical Applications of Base Pay Structure Design
• Base Pay Implementation and Delivery
• Pay for Performance and Salary Budgeting
• Administering and Evaluating Base Pay Programs
• Mergers, Acquisitions and Base Compensation

Who Should Attend

This course is intended for emerging compensation practitioners with limited experience in developing pay structures. 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. This program is beneficial for human resources & C&B professionals, finance and management staff who are responsible for their multinational organization’s compensation/remuneration programs.