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GR17: Strategic Communications in Total Rewards

Learning Options

Market Pricing—Conducting a Competitive Pay Analysis
Certification Course: GR17

Avoiding Analysis Paralysis

New! Candidates working towards GRP certification may now choose GR17 or GR5: Performance Mangaement — Strategy, Design and Implementation to meet their required examinations. Visit www.worldatworksociety.org for more information on the GRP certification and requirements.

This course provides a consistent and effective methodology for market-pricing benchmark jobs within an organization. Participants 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 program development.

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 and business strategy
  • 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
 

Exceptions and Special Situations

  • Total compensation
  • Incentives
  • Executive positions
  • Sales positions
  • International positions

Communication

  • Communication with employees and upper management
  • Organization-wide communication
  • Communication and survey sources

Credits
GRP: Elective
Certificate in Global Remuneration: Required
Recertification: 2 course, .5 Exam
CCP Equivalency: C17
CEUs: 1.5 Course, .3 Exam
Faculty
Course book amendments
Test your knowledge

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
Please check back for class schedule and registration information

Registration Policies

Classroom

Course & Certification Exam held in Brussels, Belgium:
1190 | 890 Member
(Includes: course, binder and exam.)

Course & Certification Exam held in Singapore:
S$ 2365| S$ 1785 Member
(Includes: course, binder and exam.)

Course & Certification Exam held in Australia:
AUD $995* (Includes: course, binder, exam.)
Exam-only AUD $600*  (to order call 877/951-9191)
*Includes GST. (Credit cards will be charged at equivalent USD rate. Exact rate may vary depending on credit card company conversion rate to AUD.)

Course & Certification Exam hosted by the Global Reward Consortium:
$1,810 USD * | Member $1,220 USD (Includes: course, binder, exam and shipping.) 

Schedule/Registration
Course Binder and Exam
About this option
Course Binder Only: $690 USD * | Member $460 USD (Plus shipping & handling.)
Add to Cart
Self Study Package: $1,225 USD * | Member $850 USD (Includes: course, binder, certification exam. Shipping & handling not included.)
Add to Cart

Please note: WorldatWork course and certification exam materials undergo frequent evaluation and revision. If you are purchasing course materials for the purpose of self-study, it is recommended that you schedule your exam within 30-45 days of purchase to ensure the course materials and exam are current. To schedule an exam please contact Customer Relationship Services toll-free at 877/951-9191 or e-mail customerrelations@worldatwork.org. Self-study binder purchases are nonreturnable.

For certification preparation courses held in Washington, D.C., Phoenix/Scottsdale, Brussels, Singapore and any one-day seminar held globally, course binders (and BAII calculator, if applicable) will be available for pick up on site the day of the course. All other registrants will receive a course binder no sooner than 5-7 days after registration. Playback is available 1 week after the last course day and expires 90-days from registration.

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.

*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.



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