Managers play a critical role in communicating about compensation to your employees. Teach them the best practices on how to effectively communicate the details of your compensation plan.
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Communicating Compensation: Talking with EmployeesPayScale, Inc.
Employees need to know that they are being compensated appropriately for their level of contribution. Messages about compensation may come from Executives, HR, or their managers directly.
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This presentation discusses how learning organizations link to change management with projected barriers, critical factors for organizational learning, change management and the theories of organizational learning.
Communicating Compensation: Talking with EmployeesPayScale, Inc.
Employees need to know that they are being compensated appropriately for their level of contribution. Messages about compensation may come from Executives, HR, or their managers directly.
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Check a showcase of our Sexual Harassment at Workplace PowerPoint Presentation. Download Sexual Harassment at Workplace PowerPoint presentation now for great and creative presentation ideas on Sexual Harassment at Workplace - Meaning, Types & Effects. This is our general marketing powerpoint presentation on breast cancer prevention & control. We invite you to download TheTemplateWizard's Sexual Harassment at Workplace PPT presentation for great ideas on topics like sexual harassment at workplace, business and marketing etc. We have created Sexual Harassment at Workplace sample powerpoint presentations that demonstrates how to use visuals and illustrations in your PowerPoint presentations.
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4 Ways to Communicate Compensation That Drive Strategic OutcomesBambooHR
Compensation is one topic that we can be unsure how to communicate. This webinar shares important research on the why communicating compensation correctly is so important and how to do it so that it drives strategic outcomes.
A recent PayScale study revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
Pay transparency is about fairness of pay, openly communicating about pay with employees, and helping them understand the importance of maintaining and improving their performance. Join PayScale and BambooHR as we look at the different stages of pay transparency and how you can implement them into your workplace to encourage productivity and improvement.
Key Learnings:
-What pay transparency in the workplace looks like
-The advantages and disadvantages of pay transparency
-How you can use pay transparency to encourage improvement and productivity
-What actions you can take today to make it part of your culture
In partnership with BambooHR
Communicating Compensation to Executives and ManagersBambooHR
Communicating compensation can be like walking a minefield—mistakes can be disastrous and getting it right is critical to your organization’s health and well-being. In this webinar, we’ll discuss the strategy of communicating compensation, how to make and execute a compensation plan, and how to include executives and managers in the conversation. We’ll also talk about pay transparency, and how to use compensation conversations as an opportunity to build both your culture and your internal influence.
Sales Compensation: Tips and Tricks to Building a Powerful PlanRingLead
We’ve all heard Tom Cruise’s famous line from Jerry Maguire, but showing your sales team members "the money" is often a complicated equation. In this webinar, you’ll learn the tactics and secrets for designing, planning and implementing powerful sales compensation packages that yield results and actually scale.
In the webinar, CeCe Bazar, sales expert at OpenView Venture Partners, lead a discussion with John Kosturos, head of sales at RingLead, and Howard Brown, CEO of RingDNA centered on building a powerful sales compensation plan.
You'll learn:
- The secrets to creating an effective compensation plan
- How to automate the compensation process with technology
- How to make sure your data is strong for accurate compensation, reporting and lead routing
Webinar-Identifying & Addressing Compensation NeedsPayScale, Inc.
Have clients that need comp answers? We’ve got you covered.
This webinar will show you which questions are the most important to ask for maximum leverage in PayScale’s reporting and analytics. We’ll also demonstrate how to best showcase compensation recommendations.
Join us to take your use of PayScale tools to the next level.
Communicating Compensation: Gaining Executive SupportPayScale, Inc.
The best way to gain executive support for your compensation design is to develop a comp strategy that is aligned with the business goals of the organization, and then communicate that clearly with your executives.
Webinar: How to Communicate to Comp Executives and ManagersPayScale, Inc.
The messaging about your compensation plan is as important as the plan itself. In this webinar join Mykkah Herner and Paige Hanley as they discuss useful tips and tools for getting your compensation communications right with managers and executives.
4 Ways to Communicate Compensation That Drive Strategic OutcomesBambooHR
Compensation is one topic that we can be unsure how to communicate. This webinar shares important research on the why communicating compensation correctly is so important and how to do it so that it drives strategic outcomes.
A recent PayScale study revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
Pay transparency is about fairness of pay, openly communicating about pay with employees, and helping them understand the importance of maintaining and improving their performance. Join PayScale and BambooHR as we look at the different stages of pay transparency and how you can implement them into your workplace to encourage productivity and improvement.
Key Learnings:
-What pay transparency in the workplace looks like
-The advantages and disadvantages of pay transparency
-How you can use pay transparency to encourage improvement and productivity
-What actions you can take today to make it part of your culture
In partnership with BambooHR
Communicating Compensation to Executives and ManagersBambooHR
Communicating compensation can be like walking a minefield—mistakes can be disastrous and getting it right is critical to your organization’s health and well-being. In this webinar, we’ll discuss the strategy of communicating compensation, how to make and execute a compensation plan, and how to include executives and managers in the conversation. We’ll also talk about pay transparency, and how to use compensation conversations as an opportunity to build both your culture and your internal influence.
Sales Compensation: Tips and Tricks to Building a Powerful PlanRingLead
We’ve all heard Tom Cruise’s famous line from Jerry Maguire, but showing your sales team members "the money" is often a complicated equation. In this webinar, you’ll learn the tactics and secrets for designing, planning and implementing powerful sales compensation packages that yield results and actually scale.
In the webinar, CeCe Bazar, sales expert at OpenView Venture Partners, lead a discussion with John Kosturos, head of sales at RingLead, and Howard Brown, CEO of RingDNA centered on building a powerful sales compensation plan.
You'll learn:
- The secrets to creating an effective compensation plan
- How to automate the compensation process with technology
- How to make sure your data is strong for accurate compensation, reporting and lead routing
Webinar-Identifying & Addressing Compensation NeedsPayScale, Inc.
Have clients that need comp answers? We’ve got you covered.
This webinar will show you which questions are the most important to ask for maximum leverage in PayScale’s reporting and analytics. We’ll also demonstrate how to best showcase compensation recommendations.
Join us to take your use of PayScale tools to the next level.
Communicating Compensation: Gaining Executive SupportPayScale, Inc.
The best way to gain executive support for your compensation design is to develop a comp strategy that is aligned with the business goals of the organization, and then communicate that clearly with your executives.
Webinar: How to Communicate to Comp Executives and ManagersPayScale, Inc.
The messaging about your compensation plan is as important as the plan itself. In this webinar join Mykkah Herner and Paige Hanley as they discuss useful tips and tools for getting your compensation communications right with managers and executives.
Creating a Highly Functional HR DepartmentPayScale, Inc.
HR functions have evolved from the personnel departments of the 70’s and 80’s to the business partnerships and people functions of today. The strategic value that HR brings to an organization can vary greatly depending on the size of the organization, industry, location, core values, culture, and more.
Join PayScale’s Stacey Klimek, VP of People, and Mykkah Herner, Director of Professional Services, as they discuss tips for creating a highly functional HR department in your organization.
Last year is so last year – it’s time for real time pay for performance. In our recent 2016 Compensation Best Practice Report, 44% of all companies cited eliminating traditional performance reviews in favor of real-time feedback as the biggest trend that would shake up the HR world.
Strenghtening the link between pay and performancePayScale, Inc.
More companies than ever are moving to a performance based compensation model. However implementing a pay-for-performance program is not an easy thing to get off the ground.
As you build out your compensation strategy, it's imperative to have reliable data to inform your salary decisions, easy to use software to automate compensation processes, and expert guidance to walk you through getting pay right.
Get Pay Right with PayScale Insight ExpertPayScale, Inc.
Watch this 30 minute webinar, as we demonstrate how to get pay right - the PayScale way.
-Be confident in your pay decisions with access to pay data that's updated daily.
-Price your job positions according to skills, experience, and local market trends.
-Save the aging for your wine – PayScale’s data is real-time and always at market.
If you're creating, maintaining, or revamping a comp strategy, you won't want to miss this presentation.
payscale.com/hr
What if you asked your top four employees to articulate the vision and purpose of your company? Could they do it? What about its business model and strategy? How about explaining their roles and the outcomes for which they have stewardship?
Chances are even your best people would struggle with that exercise. And if they have a hard time, imagine what that implies about the rest of your team.
Those simple questions reveal the level of line of sight you have in your business. And without line of sight, it is virtually impossible to have an engaged workforce.
With that in mind, VisionLink discusses the important role of employee alignment in creating sustained success in all aspects of talent management and performance—and how to create a pay strategy that reinforces the vision and mindset you want your employees to have.
To view a recording of this webinar, visit: http://www.vladvisors.com/compensation-knowledge-center/webinars/how-to-improve-line-of-sight-and-why-it-matters
To learn more about VisionLink, visit: www.vladvisors.com
This presentation was presented by Rami Barqouni on how to manage and develop your field service techs into talents benefitting your business and organizational strategy
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As you consider employee raises and prepare your compensation strategy, it's imperative to have reliable, California-specific data to inform your decisions when building a solid compensation foundation.
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Join us as we speak with JD “Xpert”, Don Berman about the role HR will play in leading organizations through the predicted economic downturn and how job description technology can be used effectively to consolidate, recruit, and retain.
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Communicating Compensation: Equipping Your Managers
1. Communicating Compensation:
Equipping your Managers
Jennifer Ferris, CCP
Compensation Professional
Mykkah Herner, MA, CCP
Manager of Professional Services
www.payscale.com
4. www.payscale.com
Agenda
Recap of Part I: Gaining Executive Support
Set expectations with managers
Equip managers for their role
• Negotiation skills
• Listening skills
• Compensation review meeting
• Talking points
Present compensation basics to managers
Next in series: Talking with employees
5. Recap of Part I:
Gaining Executive Support
• Overview of Communication Basics
• Overview of Compensation Basics
Communicating Compensation to
Executives
• Understanding the Executive
Audience
• Align compensation to business
goals
• Incorporate leading edge practices
• Keep executives up-to-date with
quick snapshots
http://resources.payscale.com/hr-webinar-recorded-
communicating-compensation-gaining-executive-support.html
8. of company leaders do not feel
confident in their managers’
ability to effectively
communicate with employees
about salary issues.
2014 PayScale CBPR
73%
10. Negotiation Skills
• Sell the organization and the full package on the table
• Sell the benefits of the offer (initial or increase)
• Listen to the ask behind the ask
• Meet them and then move
13. Talking Points
• Market Study / results
• Compensation Philosophy
• Structure Overview
• Position in range
• Adjustment
• Rationale
• Open the door
15. Manager Training
Compensation Plan Overview
• Compensation 101
• Philosophy & Strategy
• Structure
• Policies
Putting it into practice
• Linking Performance to Pay
• Calculating Increases
• Talking with Employees
16. Advantages of
Pay Structures
Provide alignment to business strategy
Clarify relative worth of the position internally & externally
Ensure fair pay (legally defensible)
Define a pay range for a position
Create clear career paths
Room to reward your employees based on performance,
tenure, etc.
18. Immediate Action
• Asses manager capacity for
communicating compensation
• Develop a toolkit for your managers
• Train your managers
• Improve execs confidence of managers
19. PayScale Delivers Where Other Compensation Providers Fall Short
PayScale leads the world in compensation knowledge with the freshest and
most detailed data from over 40 million salary profiles. More than 3000
organizations use PayScale’s software and intelligence to get the greatest
return on their talent. Smart businesses use PayScale Insight to recruit, retain
and motivate their people.
Visit our blog: www.payscale.com/compensation-today
Join our Group on LinkedIn: Compensation Today: HR Best Practices
Jennifer Ferris, CCP
Compensation Professional
Mykkah Herner, MA, CCP
Manager of Professional Services,
PayScale, Inc.
www.payscale.com
Editor's Notes
Mykkah
Jen
To start the webinar off today we’ll do a quick recap of our previous webinar in this series: Gaining Executive Support.
Then, we’ll dive into our three main topics:
Setting expectations with our managers
Equipping them for their role
Presenting comp basics to them in a way that isn’t too overwhelming or too much information
We dove pretty deep into it during our last webinar, so how do we pair it down to the basics that are applicable to them?
And, a little plug here – the last webinar in our series will be going into more detail about that employee conversation…
As a quick recap to our last webinar, here are the topics we covered:
During the communication basics portion we covered:
Managing Conflict
Levels of Transparency
Communication Roles
In compensation basics we discussed:
Compensation as a keystone
The compensation mix
Starting with the right questions
Comp Design Elements
Glossary of Comp Terms
Schedules & Geographic differentials
Advantages of Pay Structures
To understand the Executive Audience, you want to:
Know you audience and know how to speak to them to get your message through clearly
Aligning Compensation to business goals:
The cost of getting comp wrong
Reasons to create a comp plan
Incorporating leading edge practices:
Return on comp investment
Pay ranges vs. broadbands
Targeted strategies vs. singular strategy
Stay nimble!
Keep executives up to date with quick snapshots:
Report high level info
Report relevant info
Mykkah
Mykkah
Managers are there to help you solve the puzzle…
- also, eyes and ears of the org -- first alert system to something may be awry.
- take ownership for decisions
- speak with Ees with confidence of knowing comp decisions are sound, etc…
Mykkah
It isn’t about spending more
It is about spending smarter
We want to take the budget and make it work for your business
In order to make your comp plan “work” for you, we need to make sure it touches everyone in your workforce rather than sitting in an excel sheet
With Insight expert we make it
Jen
So, how do we best equip our managers for their roles?