Pay Surveys: How to Price Jobs in the External Marketplace to Best Determine True Worth

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Pay Surveys: How to Price Jobs in the External Marketplace to Best Determine True Worth

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Pay Surveys: How to Price Jobs in the External Marketplace to Best Determine True Worth

Live webinar coming Wednesday, September 11, 2013

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:

  • Why putting the emphasis on job functions, not titles and descriptions, is crucial for success when benchmarking your salaries
  • What to make of hybrid job functions and blended job descriptions, which are often used at smaller organizations
  • How to get information from your employees about what they really do, so you can accurately figure their job duties
  • Tips on how to select the right pay surveys for your organization
  • How to tell if the survey benchmarking data you've received is really a match for the jobs you're testing
  • What to do if you can't find external benchmarking data that corresponds to positions internally
  • Best practices for determining market rates and figuring out if your current compensation rates are competitive based on the data you've received
  • Where pay surveys fit into the overall scheme of developing your pay ranges
  • And much more!

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.

About your presenter:

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.

Have a specific question related to the topic of this audio conference? Post it here and get an answer during the event, time permitting, or in a follow-up e-mail from the audio conference presenter. This is only available to audio conference registrants.

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