Pricing Critical Skills and Unique Positions (Competitive Market Pay)
Seminar

Compensation professionals around the world are trying to manipulate a tried and true process to fit unique jobs. WorldatWork can now provide you with the knowledge and skills you need to eliminate this daunting task. Gain a competitive advantage today as you learn how to use strategic market pricing to attract and retain key talent for your critical skills and unique job positions.

• Discover the value of strategic market pricing to attract and retain key talent
• Find out how to distinguish between data and intelligence
• Learn how to assess data history and use surveys strategically
• Gain an understanding of critical skills and how to assess them
• Explore advanced market pricing methods including aligning criticality and competency, blending jobs, weighting jobs, competing for talent, and resolving discrepancies.

Who Should Attend

Analysts, managers and specialists who have responsibility for market pricing positions within their organization.

What You Will Learn

Using Strategic Market Pricing to Attract and Retain Key Talent

• Distinguish between data and intelligence
• Use surveys strategically
• Look at data historically
• Move from data to intelligence

Pricing Critical Skills positions

• Define critical skills
• Assess critical skills
• Identify advanced market pricing methods
• Aligning criticality and competency
• Blending jobs
• Weighting jobs
• Pricing variable pay
• Considering total compensation
• Pricing without benchmarks
• Competing for talent
• Resolving discrepancies

Case Study

• Create a “state of the state” paper for the CEO. This document will give an overview of the critical skills position in the market, so that both you and the CEO can get some perspective on the state of this position in the industry.
• Use survey data to price the position and create defensible documentation of your work.
• Create a rationale for the choices you made in pricing the position, including both strategic considerations and technical requirements.

	Credits Recertification: 1 credit CEUs: .75 PHR/SPHR/GPHR recertification hours: 7 (classroom)
	Faculty