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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
Jul 25 - 27
8:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
[Asosiasi Praktisi Remunerasi Industri Migas Indonesia (APRIMI)]
Jakarta Indonesia
Jul 26 - 27
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
[Central Michigan University]
Troy, Michigan
Jul 28 - 30
9:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
(This course is taught in Mandarin)
Shanghai China
Aug 3 - 4
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
South San Francisco, California
Course & Exam
Course Only
Sep 5 - 7
8:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
Johannesburg South Africa
Sep 8 - 9
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Houston Compensation & Benefits)
Houston, Texas
Course & Exam
Course Only
Sep 8 - 10
9:30 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
Hong Kong Hong Kong
Sep 12 - 13
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
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Phoenix, Arizona
Course & Exam
Course Only
Sep 19 - 20
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(New York City SHRM)
New York, New York
Course & Exam
Course Only
Sep 28 - 29
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(Calgary Total Rewards Network)
Calgary, Alberta Canada
Course & Exam
Course Only
Sep 28 - 30
11:30 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
[Chevron Angola - Cabinda Gulf Oil Company Ltd]
Luanda Angola
Add to Cart
Oct 12 - 13
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
(East Tennessee Comp & Benefits Assoc)
Knoxville, Tennessee
Course & Exam
Course Only
Oct 17 - 19
9:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
Melbourne, Victoria Australia
Course & Exam
Course Only
Oct 17 - 19
9:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
Singapore Singapore
Oct 20 - 22
8:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
Almaty Kazakhstan
Oct 31 - Nov 2
10:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
(This course is taught in Russian)
Moscow Russian Federation
Nov 8 - 9
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
Boston, Massachusetts
Course & Exam
Course Only
Nov 14 - 16
9:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
Sydney, New South Wales Australia
Course & Exam
Course Only
Nov 30 - Dec 2
9:00 AM
GR17 - Market Pricing-Conducting a Competitive Pay Analysis
London United Kingdom
Dec 13 - 14
8:30 AM
C17 - Market Pricing - Conducting a Competitive Pay Analysis
[Central Michigan University]
Troy, Michigan
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.


More information



Questions?

  • 877-951-9191
    (United States and Canada)
  • +1 480-951-9191
    (other countries)

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