Video

  • 32 minutes

Market-Based Compensation System Design

 
When determining market-based compensation our speaker and her team use the exact same steps when working with their clients, whether or not the employer has 8000 employees or 50 employees. These are the steps to build a compensation design for their clients. A few of those steps are to determine the company’s philosophy or plan, collect data, job documentation, market pricing, design pay structure, etc. The purpose of a compensation system is to implement the company’s compensation philosophy, ensure efficient allocation of resources, provide rational basis for pay decisions, and assist supervisors in evaluating and rewarding performance.

In this 31-minute video our speaker, Amber Duncan, SPHR, also reviews typical base pay system design steps and salary structures.

Amber Duncan, SPHR is a manager of compensation consulting in the Human Capital Services Practice of CBIZ, Inc. She has more than 13 years of experience in the area of human resources, focusing on designing innovative compensation programs. Ms. Duncan is a Senior Professional in Human Resources (SPHR) and a Certified Compensation Professional (CCP). Her expertise includes designing market-based compensation programs, linking pay with performance, pay structures and compensation surveys, as well as developing policies and procedures.
Runtime: 31 minutes

Faculty

Amber Duncan, SPHR

Amber Duncan, SPHR

CBIZ, Inc.

Agenda

Faculty

Amber Duncan, SPHR

Amber Duncan, SPHR

CBIZ, Inc.

  • Manager of compensation consulting in the Human Capital Services Practice of CBIZ, Inc.
  • More than 13 years of experience in the area of human resources, focusing on designing innovative compensation programs
  • Senior Professional in Human Resources (SPHR) and Certified Compensation Professional (CCP)
  • Expertise includes designing market-based compensation programs, linking pay with performance, pay structures and compensation surveys, as well as developing policies and procedures
  • Assists clients in the design and implementation of strategic base salary and incentive programs
  • Can be contacted at 800-844-4510 or [email protected]

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