1:30 p.m. to 3:00 p.m. Eastern / 10:30 a.m. to 12:00 p.m. Pacific
Overpaying by just $1 can have a significant effect on your ability to compete, which can endanger your organization's very survival.
But underpaying your employees can also have devastating consequences.
Paying too little can result in your employees feeling undervalued, which can lead to turnover. Turnover means increased recruiting and onboarding costs -- and the risk of having to settle for a less skilled workforce that cost more in the way of training.
Perhaps you think you're getting along fine without worrying about what other organizations of a comparable size in your industry are paying, but make no mistake: Pay surveys are an important tool for developing and maintaining pay plans that fairly reward employees without breaking the bank.
Before embarking on a mission to hunt down the surveys you'll use to gauge where your salaries fall with respect to similar organizations, you must be able to effectively benchmark your positions to determine their true worth. Don't miss our informative webinar on September 11 designed to teach you how to perform job pricing in the external marketplace.
And as a bonus for attending, you'll get a step-by-step summary of the job-pricing process.
Participate in this interactive webinar, and you'll learn:
In just 90 minutes, you'll learn how to figure out what your jobs are really worth. Register now for this informative event risk free.
David Wudyka, SPHR, MBA, BSIE, managing principal and founder of Westminster Associates, manages and oversees all company operations, including the design, development, and implementation of all client HR programs. His specialties include human resource analytics, audits of HR operations, employee retention strategies, and group incentive plans.