For most companies employee compensation and benefits are the largest expenses and one of the most difficult to manage. Finding competitive levels of compensation and benefits that motivate employees without overpaying is key. In this session, participants will review basic economics, equity issues, benefits, and incentives.
• Internal Equity
• External Equity
• Contingent Pay and Group Incentives
• Compensable factors
• Employment bands
• External Labor pool
• Financial Statement
Who will benefit:
Persons who are responsible for compensating employees, HR practitioners or mangers involved in pay increase/decision making.
Peter Thompson, PhD, University of Illinois at Chicago, Lecturer, Management Studies