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Crucial Compensation Conversations
This webinar will discuss key issues of defining the most important audiences of the compensation philosophy, policy and procedures, developing the right level of transparency for your organization, how to organize the discussions to address the most important aspects of employee concerns and those more challenging questions employees want answered about their personal pay.
You will leave with an understanding of:
- Why and how the corporate culture links expectations, employee performance and pay.
- Addressing transparency in today’s environment.
- Suggestions for addressing the more vexing questions employees present to their manager about how personal performance and pay are linked.
- Understand the role of “market” in keeping your compensation system up to date and how it plays into discussions with employees.
- The level of independence, right for your organization of managers, related to determining individual pay rates.
- Human Resources/Compensation role and responsibilities.
- Supporting employee engagement through communication designed into the process.
Overview of the webinar
Talking about compensation can be an emotionally charged discussion. It can be tense even when you are offering salary increases. When expectations are not met there can be misunderstanding, conflict, ill feelings, and anger. This program provides a roadmap for having effective and productive salary discussions that make it easier for the manager and the employee. The outcome; mutual understanding, preserved relationships, and a productive workforce.
Who should attend?
- HR Staff
- Compensation Specialists
- Business Owners
- Board Members
- Supervisors/Managers
- Anyone who has responsibility for Compensation
Why should you attend?
If you are thinking about designing or re-designing your compensation system and want to understand what might work best in your situation start by beginning with those most challenging questions and discussions employees have with their managers/supervisors. Building your compensation program to support the critical relationships between employee and manager starts with the end in mind and addressing the elements and steps necessary to achieve your goals. Critical compensation conversations are a pivot point for reinforcing the relationship between expectations, engagement and outcome leading to improved performance.
Faculty - Mr.Bob Verchota
Bob Verchota is the owner and senior consultant for RPVerchota & Associates, a consulting firm providing services to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 30+ years in Human Resources senior leadership roles and teaching both undergraduate and graduate courses in Leadership and Organizational Development, Bob transitioned to using his experience and skills in consulting.
Mr. Verchota provides solutions to companies for a wide variety of HR issues including training and development, compensation, compliance, policy development, performance management, employee relations, and managing change from mergers and acquisitions to project-specific disruptions of the status quo. Bob has an undergraduate degree in Business Administration, a graduate degree in Healthcare Administration, and doctoral work (ABD) in Organizational Development. He is a lifetime Senior Professional in Human Resources.