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C17: Market Pricing — Conducting a Competitive Pay Analysis (U.S.)

Learning Options

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

  • Case study

Exceptions and Special Situations

  • Total compensation
  • Incentives

Communication

  • Communication with employees and upper management
  • Organization-wide communication
  • Communication and survey sources
 
Credits
CCP: Elective through Dec. 31, 2009 Under Current Certification Requirements; Required Effective Jan. 1, 2010 Under New Certification Requirements (compare current and new CCP requirements)
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
CPIM/CFPIM/CSCP: 14 points
PHR/SPHR/GPHR recertification hours: 16 (classroom); 14 (live CourseCasts)
GRP Equivalency: GR17
Faculty/Course Contributors
Course book amendments
Test your knowledge

Live CourseCast Special Requirements!
This highly interactive Webinar takes advantage of the latest technology with breakout rooms. All attendees are required to be active participants and contribute in the breakout sessions. Participation in this Webinar requires:

  • Landline telephone (cell phones will not work)
  • Computer using a Windows-based operating system

Consider Bringing This Course to Your Location
This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.

 

Fees and Registration Registration Policies

Classroom
Course & Certification Exam:  $1,645 USD *  |  Member $1,125 USD
Schedule/Registration
Course Only: $1,480 USD * | Member $990 USD
Schedule/Registration
CourseCast On-Demand
About this option
CourseCast On-Demand & Computer-Based Certification Exam
Single Participant $1,810 USD | Member $1,300 USD
Each Additional Participant** $960 USD | Member $725 USD
Add to Cart
CourseCast On-Demand Only
Single Participant $1,700 USD | Member $1,220 USD
Each Additional Participant** $900 USD | Member $705 USD
Add to Cart
Course Binder and Exam
About this option
Course Binder Only: $690 USD * | Member $460 USD (Plus shipping & handling.)
Add to Cart
Course Binder and Computer-Based Certification Exam:
$1,285 USD * | Member $895 USD (Plus shipping & handling.)
Add to Cart
Computer-Based Certification Exam Only: $680 USD * | Member $525 USD
Add to Cart

Please Note: If you are purchasing a computer-based exam option, you must schedule and complete the exam within 120 days. Your eligibility expires after 120 days; however, 30-day extensions are available for a $150 USD fee. It is recommended that you complete your exam in a timely manner as exams may be updated without notification. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study binder, CourseCast, CourseCast On-Demand and e-learning product purchases are nonreturnable.

Many WorldatWork classroom locations are now offering e-binder technology to participants. For these courses, which include all public education options and several Local Network sponsored events and international events, your certification course binder (and BAII calculator, if applicable) will be available for pick up on site the day of the course. The WorldatWork classroom participants will now have the opportunity to access the course binder electronically for two-day courses, as an e-binder PDF. The e-binder will be accessible two weeks prior to the course start date or upon registration if you register within two weeks of the course.

To help you prepare for your course, please visit www.worldatwork.org/seminars to download course book amendments, view class rosters and to find out what to bring to your class.

For online CourseCast and CourseCast On-Demand, registrants will receive a course binder no sooner than 5-7 days after registration. The CourseCast On-Demand will become available 1 week after the last course day.

**Participants attending from the same computer. Limit three per computer connection. If registering more than one attendee, please contact Customer Relationship Services toll-free at 877/951-9191.

*Join now and receive the best value. This includes both a one-year WorldatWork membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.