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GR17: 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  |  More Info  |  Who Should Register  |  How to Register


Learning Options

 

Course Schedules
May 21 - 22
8:30 AM
Pittsburgh, PA
Course & Exam
Course Only
May 24 - 26
8:30 AM
(This course is taught in Russian)
Almaty, Kazakhstan
Contact Sponsor
May 28 - 30
8:30 AM
Calgary, AB
Course & Exam
Course Only
Jun 19 - 21
8:30 AM
London, United Kingdom
Contact Sponsor
Jun 20 - 22
8:30 AM
Acheson, AB
Course & Exam
Course Only
Jun 25 - 27
8:30 AM
(This course is taught in Russian)
Moscow Sberbank (Moscow), Russia
Contact Sponsor
Jun 26 - 27
8:30 AM
New York, NY
Course & Exam
Course Only
Jul 11 - 13
8:30 AM
(This course is taught in Spanish)
Madrid, Spain
Contact Sponsor
Jul 17 - 18
8:30 AM
Los Angeles (Long Beach), CA
Course & Exam
Course Only
Aug 15 - 16
8:30 AM
Phoenix (Scottsdale), AZ
Course & Exam
Course Only
Aug 16 - 18
8:30 AM
(This course is taught in Spanish)
Buenos Aires, Argentina
Contact Sponsor
Aug 16 - 18
9:00 AM
(This course is taught in Mandarin)
Beijing, Peoples Rep. of China
Contact Sponsor
Aug 17 - 19
8:30 AM
(This course is taught in Spanish)
Mexico City (Distrito Federal, CP), Mexico
Contact Sponsor
Aug 22 - 23
8:30 AM
Dallas, TX
Course & Exam
Course Only
Aug 27 - 29
8:30 AM
(This course is taught in Russian)
Moscow, Russia
Contact Sponsor
Aug 30 - Sep 01
8:30 AM
Capetown (Cape Town), South Africa
Contact Sponsor
Sep 06 - 08
8:30 AM
Causeway Bay (Hong Kong), SAR, Hong Kong
Contact Sponsor
Sep 10 - 12
8:30 AM
St. Leon-Rot (Heidelberg), Germany
Course & Exam
Course Only
Sep 17 - 19
9:00 AM
Singapore, Singapore
Contact Sponsor
Sep 18 - 19
8:30 AM
Chicago, IL
Course & Exam
Course Only
Sep 24 - 25
8:30 AM
Ottawa, ON
Course & Exam
Course Only
Sep 26 - 28
10:00 AM
(This course is taught in Russian)
Kiev, Ukraine
Contact Sponsor
Sep 30 - Oct 03
8:30 AM
Abu Dhabi, United Arab Emirates
Contact Sponsor
Oct 11 - 12
8:30 AM
Cleveland, OH
Course & Exam
Course Only
Oct 11 - 12
8:30 AM
Las Vegas, NV
Course & Exam
Course Only
Oct 23 - 24
8:30 AM
New York, NY
Course & Exam
Course Only
Nov 01 - 02
8:30 AM
San Francisco (South San Francisco), CA
Course & Exam
Course Only
Nov 05 - 06
8:30 AM
Atlanta, GA
Course & Exam
Course Only
Nov 07 - 08
8:30 AM
Philadelphia, PA
Contact Sponsor
Nov 19 - 21
8:30 AM
Sydney, NSW, Australia
Course & Exam
Nov 26 - 28
9:00 AM
Melbourne, VC, Australia
Course & Exam
Dec 04 - 05
8:30 AM
Detroit (Troy), MI
Course & Exam
Course Only
 

 

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
Who Should Register  
Compensation and HR professionals with an interest in or responsibility for identifying competitive rates of pay, job evaluation and compensation.
 
How to Register  
 
More Information  
 Course Credits
GRP: Required
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
PHR/SPHR/GPHR recertification hours: 16 (classroom)
CCP Equivalency: C17
 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.

 

 

 

 
Certification Exam: GR17
Certification Paths
Global Remuneration Professional
This is a required exam to obtain a GRP.
 
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