I accept

WorldatWork uses cookies to enhance your experience on the website.
By continuing to use the website, you are agreeing to the use of cookies.

View Privacy Policy Learn more about cookies
 

Market Pricing — Conducting a Competitive Pay Analysis

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 short- and long-term incentive survey data.
  • Find out how to communicate market pricing to upper management and your organization.

What You Will Learn  |  Test Your Knowledge  |  More Info


Learning Options


 

Course Schedules
Sep 16 - 17
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Central Iowa Comp & Benefits Network)
West Des Moines, Iowa
Course & Exam
Course Only
Sep 17 - 18
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Comp & Benefits Assn of San Diego)
San Diego, California
Course & Exam
Course Only
Sep 30 - Oct 1
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Chicago Compensation Association)
Chicago, Illinois
Course & Exam
Course Only
Nov 2 - 4
9:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
Singapore Singapore
Nov 9 - 10
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Atlanta Area Compensation Association)
Atlanta, Georgia
Course & Exam
Course Only
Nov 9 - 11
8:30 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
[Medtronic International Trading Sàrl]
Tolochenaz (Geneva) Switzerland
Course & Exam
Course Only
Nov 9 - 11
10:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
(This course is taught in Russian)
Moscow Russian Federation
Nov 17 - 18
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Boston, Massachusetts
Course & Exam
Course Only
Dec 1 - 3
9:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
London United Kingdom
Dec 8 - 9
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Troy, Michigan
Course & Exam
Course Only
Feb 24 - 25
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(MidSouth Compensation Association)
Memphis, Tennessee
Course & Exam
Course Only
Mar 2 - 3
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(North Texas Compensation Association)
Dallas, Texas
Course & Exam
Course Only
Mar 8 - 9
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Chicago, Illinois
Course & Exam
Course Only
Apr 11 - 12
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Central Florida Comp & Benefits Assn)
Orlando (Lake Buena Vista), Florida
Course & Exam
Course Only
Apr 13 - 14
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Penjerdel Employee Benefits & Comp Assn)
Philadelphia, Pennsylvania
Course & Exam
Course Only
Jun 13 - 17
   2016  
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Your live sessions will be held each day from 1:00 pm - 3:00 pm Eastern
Virtual Classroom
Course & Exam
Course Only
Aug 3 - 4
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
South San Francisco, California
Course & Exam
Course Only
Sep 5 - 6
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Houston Compensation & Benefits)
Houston, Texas
Course & Exam
Course Only
Sep 12 - 13
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Kansas City Compensation & Benefits Assn)
Kansas City (Overland Park), Kansas
Course & Exam
Course Only
Sep 14 - 15
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Scottsdale, Arizona
Course & Exam
Course Only
Sep 19 - 20
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(New York SHRM-HR/NY)
New York, New York
Course & Exam
Course Only
Sep 28 - 29
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Calgary Total Rewards Network)
Calgary, Alberta Canada
Course & Exam
Course Only
Oct 12 - 13
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(East Tennessee Comp & Benefits Assoc)
Knoxville, Tennessee
Course & Exam
Course Only
Nov 8 - 9
   2016  
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Boston, Massachusetts
Course & Exam
Course Only
Anytime
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Self-Paced
Add to Cart (Print)
Add to Cart (Green)
`
 

 

What You Will Learn  

Market Pricing and Business Strategy

  • The total rewards design process
  • Compensation philosophy and strategy
  • Factors influencing compensation
  • Market position
  • Business life cycle
  • Compensation program objectives.

Market Pricing Terminology and Base Pay Structure Design

  • Market-pricing terminology
  • Base-pay structure design
  • Market-based structure design steps
  • Market-based pay structure vs. pure market pricing approach
  • Market-based job evaluation and pay structure design: advantages and disadvantages.

Survey Data

  • Data sources: salary surveys
  • Sources of survey data
  • Decision factors
  • Survey data formats
  • Survey data - statistical data points
  • Survey selection
  • Documentation
  • Accuracy of survey data
  • Data integrity components.

Participating in Surveys

  • Participating in surveys
  • Job matching.

Utilizing Survey Data

  • Utilizing survey data
  • Aging data
  • Blending
  • Adding a premium
  • Weighting market data
  • Modeling
  • Regression analysis.

National Plastics and Rubber Manufacturing — A Case Study

  • Case study

Short-Term and Long-term Incentive Survey Data

  • Short-term incentives
  • Total cash compensation
  • Long-term incentives
  • Long-term incentive types
  • Total direct compensation.

Communication

  • The purpose of communication
  • Management's role in communicating compensation
  • Communication with employees and upper management
  • Organizationwide communication
  • Communication and survey sources.
Who Should Register  
This course is designed for compensation and HR professionals with an interest in/or responsibility for identifying competitive rates of pay, job evaluation and compensation program development.
 
How to Register
 
More Information  
 Course Credits
CCP: Required
GRP: Required
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
PHR/SPHR/GPHR recertification hours: 16 (classroom)
 Course Book Amendments
 Policies
 
Certification Exam: C17/GR17
Exam Requirements
Certified Compensation Professional
Global Remuneration Professional
This is a required exam to obtain a CCP and GRP.

Compensation Institute
Compensation Institute
Providing a comprehensive professional development framework that guides you through every stage of your career. Learn more now!



Questions?

  •   CHAT NOW

WebChat with a WorldatWork
Customer Relationship Services Advisor.

Monday-Thursday
(7:00 a.m. - 4:15 p.m. MST)
Friday
(7:00 a.m. - 1:30 p.m. MST)

  • 1 877-951-9191
  • +1 480-951-9191