Description:

The transactional value of compensation begins with the understanding of the organization's pay philosophy based on the market rate of pay for a job. Other elements of the organizational employee engagement include incentives, benefits, employee development, wellness, work environment, and company reputation. What is this package really worth? Learning Objectives: Define the market rate of pay and how organizations build unique compensation packages to be competitive in the recruitment and retention of staff. Determine and verbalize the total value of a compensation package and ask the questions that assist in building your own value proposition. Monetize total compensation and communicate key elements in an –employer–employee relationship.

Audience:

All

Level:

Intermediate

Track:

Analyzing the Job Market

Type:

Traditional

Main Speaker:

Tony Magaro, Southwest Research Institute

Additional Speakers: