Designing and Managing Base Pay Systems - direct

Understand how equitable base pay programs are designed and administered.

New transparency laws require employers to disclose pay ranges to job applicants and employees, either in job postings, during the hiring process, or upon request. You may be uncomfortable with – or even lack – pay ranges that are ready to be shared.

In this course, you’ll delve into the role of base pay in a comprehensive Total Rewards strategy and approaches to crafting, implementing, and assessing a base pay system aimed at attracting and retaining top talent. Additionally, you’ll explore effective methods for job analysis, documentation, evaluation and the development of base pay structures that align with and support your organization’s talent objectives.

After taking this course, you will understand:

• Important concepts like compensation philosophy, internal vs. external pay equity, relevant labor markets, benchmark jobs, and market-pricing.
• Key steps to build a base pay structure – job analysis, documentation, evaluation, and worth hierarchy.
• Base structure design components like range spread, minimum, midpoint and maximum, midpoint differentials, range overlap plus methods to adjust and maintain pay structures.
• Determination of individual pay rates including concepts like new hire rates, pay differentials, step rate pay increases, merit increases, skill-based pay, promotions, equity adjustments and pay compression.
• Merit pay programs, pay for performance and merit matrix development.
• Pay transparency, communications about pay programs and compensation program audits.

To complete this course, learners will need a working knowledge of material covered in prior CCP & GRP courses, including the WorldatWork Total Rewards model, compensation fundamentals of a Total Rewards strategy and an understanding of labor regulations.

Learners should plan to spend 9 hours in class and 11 hours on self-guided work. To acquire your CCP or GRP certification, you must successfully pass the required certification exam accompanying this course. A practice exam is provided within the course materials to test your readiness and help identify knowledge gaps where you might need additional study. This course is the equivalent of Base Pay Administration and Pay for Performance (C4/GR4) and Job Analysis, Documentation and Evaluation (C2/GR3).

Who Will Benefit?

This course is ideal for professionals who are pursuing their CCP and/or GRP designation, and those in Total Rewards, compensation, or global rewards who are new to or want a refresher in principles for building equitable base pay systems.

Course Credits 

WorldatWork Certification: 
Successful completion of this course and its accompanying exam can be applied to the Certified Compensation Professional (CCP) and Global Remuneration Professional (GRP) certifications.

WorldatWork Recertification:

• Course — 2.0 recertification credits
• Exam — 0.5 credits

CEUs:

• Course — 1.6 credits
  
• Exam — 0.9 credits

HRCI Recertification:

• Course — 16 classroom hours
  

SHRM Recertification:

• Course — 16 classroom hours

Following the course, all students are required to complete a course survey. Space is limited and will be granted on a first-come, first-served basis.