Managing Compensation & Total Rewards

Most managers don’t understand their company’s total reward strategy well enough to be able to execute it. Do yours?

• If my company offers above-average benefits, do we also need to pay above market rates as well?

• The top applicant for an open position is asking for a higher salary than our currently highest paid employee in that role, who has more experience. What should I do?

• We’re transferring a current employee from our New York City offices to our Burlington, VT site. Should I lower his salary since the cost of living is cheaper there?

• Should I offer that employee who is threatening to leave more money to stay with our company?

Studies show that nearly all ( >97%) of the information employees receive regarding their personal compensation levels come during conversations with their direct supervisors, typically in formal performance review meetings. Regardless of whether your organization has dedicated and trained human resource employees in place who specialize in this field, your managers who are on the frontlines of your company’s compensation strategy and total rewards policies. Unfortunately, most managers feel woefully ill-prepared to have these essential compensation conversations. In a recent survey of over 43,000 managers in the US, over 70% reported that they do not feel that that they understand their organizations total rewards strategy enough explain it adequately to their staff or to defend salary decisions.

In this highly custom-designed workshop build around your own total rewards strategy, tools and workflows, your managers learn the fundamentals of how to administer and communicate your compensation and employee benefit programs. More than just teaching the what and when of your HR procedures, this workshop’s content places a heavy emphasis on the ‘why’ behind your policies to better prepare them for those hard compensation and to help them make future hiring and promotion salary decisions aligned with your strategy. Designed in a modular format – this experiential learning workshop can be delivered in a one-day classroom format or as a series of 1-hr virtual sessions.

Program Details

Format: Classroom or Virtual Series

Duration: Varies on desired scope of custom content

Size: Classroom: 8 - 24 per session Virtual: 6 - 12 per session