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 $645USD | Member $500USD
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Please note: If you are purchasing course materials for the purpose of self-study or a computer-based exam, it is recommended that you schedule your exam within 45 days of purchase to ensure the course materials and exam are current. These exams must be completed within one year of purchase. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study binder purchases are nonreturnable.
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