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C17: Market Pricing — Conducting a Competitive Pay Analysis

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 exceptions or special situations.
  • Find out how to communicate market pricing to upper management and your organization.
What You Will Learn  |  Test Your Knowledge  |  More Info  |  Who Should Register   |  How to Register
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Course Schedules
May 21 - 22
8:30 AM
Pittsburgh, PA
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May 24 - 26
8:30 AM
(This course is taught in Russian)
Almaty, Kazakhstan
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May 28 - 30
8:30 AM
Calgary, AB
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Jun 19 - 21
8:30 AM
London, United Kingdom
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Jun 20 - 22
8:30 AM
Acheson, AB
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Jun 25 - 27
8:30 AM
(This course is taught in Russian)
Moscow Sberbank (Moscow), Russia
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Jun 26 - 27
8:30 AM
New York, NY
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Jul 11 - 13
8:30 AM
(This course is taught in Spanish)
Madrid, Spain
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Jul 17 - 18
8:30 AM
Los Angeles (Long Beach), CA
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Aug 15 - 16
8:30 AM
Phoenix (Scottsdale), AZ
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Aug 16 - 18
8:30 AM
(This course is taught in Spanish)
Buenos Aires, Argentina
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Aug 16 - 18
9:00 AM
(This course is taught in Mandarin)
Beijing, Peoples Rep. of China
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Aug 17 - 19
8:30 AM
(This course is taught in Spanish)
Mexico City (Distrito Federal, CP), Mexico
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Aug 22 - 23
8:30 AM
Dallas, TX
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Course Only
Aug 27 - 29
8:30 AM
(This course is taught in Russian)
Moscow, Russia
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Aug 30 - Sep 01
8:30 AM
Capetown (Cape Town), South Africa
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Sep 06 - 08
8:30 AM
Causeway Bay (Hong Kong), SAR, Hong Kong
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Sep 10 - 12
8:30 AM
St. Leon-Rot (Heidelberg), Germany
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Sep 17 - 19
9:00 AM
Singapore, Singapore
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Sep 18 - 19
8:30 AM
Chicago, IL
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Course Only
Sep 24 - 25
8:30 AM
Ottawa, ON
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Sep 26 - 28
10:00 AM
(This course is taught in Russian)
Kiev, Ukraine
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Sep 30 - Oct 03
8:30 AM
Abu Dhabi, United Arab Emirates
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Oct 11 - 12
8:30 AM
Cleveland, OH
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Oct 11 - 12
8:30 AM
Las Vegas, NV
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Oct 23 - 24
8:30 AM
New York, NY
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Nov 01 - 02
8:30 AM
San Francisco (South San Francisco), CA
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Nov 05 - 06
8:30 AM
Atlanta, GA
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Nov 07 - 08
8:30 AM
Philadelphia, PA
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Nov 19 - 21
8:30 AM
Sydney, NSW, Australia
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Nov 26 - 28
9:00 AM
Melbourne, VC, Australia
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Dec 04 - 05
8:30 AM
Detroit (Troy), MI
Course & Exam
Course Only
Anytime
Self-Paced
Purchase Options
 

 

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

  • Terminology
  • Market pricing
  • 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

  • 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
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
 Terms and Conditions

Please note: If you are purchasing an exam option, you must schedule and complete the computer-based exam within 120 days from the first day of a live instructor-led class or from date of purchase for all self-paced learning packages. Your eligibility expires after 120 days; however, 30-day exam extensions are available for a $150 USD fee when purchased before the original access expires. 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 materials and all e-learning product purchases are nonreturnable.

WorldatWork classroom locations offer e-course materials technology to participants. Your certification course materials (and BAII calculator, if applicable) will be available for pick up on site the day of the course. For two-day courses, you may access the e-course materials PDF two weeks prior to the course start date or upon registration if you register within two weeks of the course.

E-learning course purchasers now have the option of print or e-course materials. Those who choose the e-course materials option will receive the materials electronically for the length of your e-learning program. Those who choose the print version of the course materials will receive it  5-7 days after date of purchase. 30-day extensions of e-learning access are available for a fee if purchased before original access expires.

Blended Learning e-course materials can be found within the product and will be available for the length of the course.

Please visit www.worldatwork.org/seminars to download course material amendments, view class rosters and to find out what to bring to your class.

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

 
What is Blended Learning?  

Frequently Asked Questions  |  Course Duration Matrix  |  Sample Class Syllabus

Blended  Learning — Take An In-depth Tour

Get the best of both worlds and more! Combining learning and study preferences, Blended Learning leverages independent e-learning and collaborative traditional classroom experiences with access to additional resources.

  • 24/7 access provides greater convenience and flexibility
  • Class discussion board allows access to peers and subject matter expert
  • Study when time allows
  • Integration of group and independent study
  • No “out of office” time needed
  • No travel expense.

Components of Blended Learning

All Blended Learning classes include a class discussion board, other components available within Blended Learning will vary in order to deliver the best learning experience possible. Classes may include access to components such as:

  • Live online session(s) with facilitator and peers
  • Audio files
  • Video files
  • Articles and/or white papers
  • Tools and templates
  • Online quizzes

 

 

 

 

 

 

 
Certification Exam: C17/GR17
Certification Paths
Certified Compensation Professional
Global Remuneration Professional
This is a required exam to obtain a CCP and GRP.
 
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