What is a Salary Administration Plan? How does it work? And why do companies need one? This session will review how to implement a plan and salary structure incorporating compensation philosophy, job descriptions, job families, framework, job pricing, developing the structure, placement of the positions, cost analysis, policies and procedures, communication and evaluation.
You’ll learn:
- The importance of having a salary administration plan.
- Why every step is critical and how each piece of the plan fits together?
- The nuances to implement a salary plan for a university.
- Why having job descriptions is so critical to the process?
- Why communication is so critical?
Originally recorded on April 22, 2020.
Maria is a Human Resources professional with over 20 years of experience, specializing in Total Rewards. She has worked for organizations of different sizes (from 300 to 17,000), in both the private and public sectors, as well as non-profits and the education sector.
At Tower Federal Credit Union, she manages and administers all employee payroll, compensation, benefits programs, and HR Information System (HRIS) to assure competitive, cost effective, and legally compliant: benefits, wage/salary administration, payroll services, and tax reporting to support Tower goals.
