What questions should your financial institution ask about compensation below the CEO and top executives? This session will address pay equity regulations, setting job grades, and determining base salary and appropriate raises for employees.
As part of this session we will provide information on conducting market research using industry surveys, using market research to establish and set salary grades, and linking salary increases and performance to positioning in a salary grade. We will also briefly discuss such items as FLSA job classifications (exempt vs. non-exempt) and effectively writing job descriptions. Our focus in this session is on helping HR professionals sort through some of the compensation-related challenges they may encounter.
This webinar also provides best practices for designing a performance management system including a methodology for identifying key accountabilities and competencies for all positions at the institution. We will also review common performance evaluation rating errors and access tools to make the evaluation process more effective and easier to administer.
Also learn how to link the performance evaluation process to salary increases and the annual incentive plan design for staff level employees. We will also discuss what institutions are doing with respect to cash-based incentive programs. This will cover plan design(s), goals being used, and award levels for various positions.
Additionally, we will highlight applicable regulatory guidelines and updates. As part of this webinar, we will utilize a score sheet that shows how your institution compares to industry best practices regarding compensation for non-executive positions.
