Course
Market Pricing: Conducting a Competitive Pay Analysis
Help your organization compete for and win top talent by learning to build market-related salary structures and packages.

Learn to build competitive market-related pay structures that support your organization’s compensation strategy and boost your odds of successfully attracting, retaining and motivating employees. 

You’ll learn a methodology for conducting a competitive pay analysis; you’ll also be able to assess how your approach supports your organization’s hiring and retention goals, and compensation strategy. 

The skills you gain will help you develop and design effective compensation packages, and confidently communicate to senior and executive leaders, people leaders, and employees about how their market-related compensation is determined.

What You Will Learn 

  • How to design a total rewards program, including a base-pay structure.
  • Market pricing and business strategy, including, compensation philosophy, market position, and business life cycle.
  • Market-based pay versus a pure market pricing approach – and the pros and cons of market-based job evaluations and pay design.
  • Understanding salary survey data so you’ll know which options are most relevant for your business and employees.  
  • Leveraging salary survey data via aging, blending, adding a premium, weighting, modeling, and regression analysis.

Who Will Benefit from This Course? 

The course is ideal for HR and compensation professionals responsible for salary benchmarking and compensation program development. It is also well suited to professionals who lead programs in total rewards, remuneration, compensation and benefits, as well as people leaders who want to better understand market pricing.

Course Requirements

Knowledge of basic mathematical concepts is recommended, including mean, median, weighted average, compa-ratio, percentiles, and calculating percentages.

Course Credits

WorldatWork Certification: 

WorldatWork Recertification:

  • Course — 2.0 credits
  • Exam — 0.5 credits 

CEUs: 

  • Course — 1.5 credits
  • Exam — 0.3 credits

HRCI Recertification: 

  • Course — 16 classroom hours 

SHRM Recertification: 

  • Course — 16 classroom hours


Based in India? Contact india@worldatwork.org for India-special course pricing.

Become a Member

Members can register for this course at a special rate and gain exclusive access to research, publications and more! 

Learning Options
Exercises are included throughout each section of the course for hands-on practice.
Course Schedules
Filtro Filtro Filter By
Filtro Filtro 2 Filter By
Reset
There are no classes scheduled at this time.

Please consider a different learning method or contact our Customer Experience Team to learn about other classes and schedules.

Phone
877-951-9191 (United States and Canada)
+1 480-951-9191 (other countries)

Monday-Friday: 8:00 a.m. - 7:00 p.m. EST

Email
Email our Customer Experience Team: customerexperience@worldatwork.org