Money Talks: Training Managers to Communicate Compensation

Webinar

Compensation and rewards drive employee engagement and satisfaction, retention, and performance. But you can’t always give big raises.

For the year ahead, data show that total compensation may be up, but wages aren’t keeping pace with inflation and raises won’t be enough to close cavernous gaps in salary satisfaction. In its 2018 Labor Day Survey, the Conference Board reported that only 43% of employees are satisfied with their wages, and a paltry 27% were satisfied with their bonus plan.

It stands to reason that if employees don’t understand the underlying compensation philosophy, they’re far more likely to be dissatisfied with their pay.

Employee understanding of your compensation structure is a product of how well your managers explain the system. Unfortunately, many managers don’t understand it themselves, and those who do may struggle to communicate it.

In this webinar, we’ll outline 5 steps that compensation teams can take to empower managers to bring your compensation philosophy to life—and to elevate employee understanding and satisfaction.

You’ll learn:

  • How to close knowledge and skills gaps and correct misperceptions that affect managers’ ability to communicate effectively about compensation
  • Which types of training best support retention of information.
  • What to include in a toolkit so managers can understand and explain compensation decisions
  • How to reach busy managers with embedded training and video microlearning.

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Details

On-Demand

Access: 90-Day Access | On-Demand Event Code: WEBINAR-20190515-PLAYBACK

Recorded Event

Please note: Prices are subject to change without notice. All sales are nonrefundable. Access to the live event is limited to the first 1000 participants, so be sure to log on up to 15 minutes prior to the event start time. The live event includes access to playback. Playback and the on-demand webinar are available two business days following the live event, and you can access them for 90 days. If you order the on-demand webinar after the live event, your 90-day access begins the day of order.

HRCI credits will only be granted for attending the live webinar event. On-demand webinars do not qualify for HRCI credit. You may receive a certificate of completion for watching an on-demand webinar. Please contact Customer Relationship Services at 877-951-9191 (United States and Canada) or +1 480-951-9191 (other countries) or email customerrelations@worldatwork.org to request this certificate. You'll receive it in two to four weeks via email.

Presenter

Tom Sykes

Director, Product Management | PeopleFluent

Tom Sykes is an HCM enterprise software professional with more than 15 years of experience in talent management technologies, with a specific focus on compensation management. He led product management for PeopleFluent’s award-winning Compensation Management solution for 7 years, and currently serves as Director of Product Management for PeopleFluent.

Tom is a frequent author, blog contributor, and speaker on compensation planning and related subjects. He earned a Bachelor's degree in Finance from California Polytechnic State University-San Luis Obispo.

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