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Beyond Minimum Wage: Aligning Compensation and Career Paths to Retain your Workforce
April 28, 2020 @ 9:00 am - 11:00 am
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This event is canceled. Thank you.
This interactive workshop will help you define career paths for your team, keeping your workforce engaged and feeling that they are compensated fairly.
Employees usually feel more engaged when they believe that their employer is concerned about their growth and provides avenues to reach individual career goals while fulfilling the company’s mission. A career path provides employees with an ongoing mechanism to enhance their skills and knowledge that can lead to mastery of their current jobs, promotions and transfers to new or different positions. Implementing career paths may also have a direct impact on the entire organization by improving morale, career satisfaction, motivation, productivity, and responsiveness in meeting departmental and organizational objectives.
For an employee, perception of fair compensation is equally as important as growth in an organization. In this time of increasing minimum wage, how does your organization pay fairly for a person’s competency and responsibilities?
Join IMEC and OPC Consulting Services for an interactive session that will help you define career paths to keep your workforce engaged and compensated fairly.
Interactive activity to kick off session
- Important Things to Keep in Mind
Overview of compliance issues, legal risks, and budgetary considerations related to compensation management
- Getting Started with Compensation and Career Path Mapping
Interactive discussion using a checklist that each participant can fill out as we go to determine the types of data each company should have (or gather) prior to any major compensation restructuring and why it’s important
- Who Should Have Access
Interactive activity on importance of confidentiality and balancing transparency of salary related data within the organization
- The Work
Overview of the steps to creating career paths and salary ranges, including the pitfalls and challenges related to making changes and communicating them effectively to employees
Cost: $150 per attendee
Facilitator: Arlene Koth, SPHR, SHRM-SCP | OPC Consulting Services
Site Host: West Side Forward
Contact Name: Emily Lee
Contact Phone: 309-677-4633
Contact Email: email@example.com[/vc_column_text][/vc_column][/vc_row]