DAY 1
Introduction
- different job evaluation methodologies
- pay-setting context, structures and progression
Job evaluation and grading
- making sense of the relative worth of jobs
- formal versus informal schemes
- external factors
Pay-setting
- trends in performance evaluation
- the interaction between internal and external worth
Pay surveys
- external market rate and internal equity
- survey benchmarking and data presentation
- the regulatory environment
Pay structures and progression
- different structures and how to select the most appropriate for different types of organisation
- ensuring transparency, consistency, alignment and equal pay
- designing and implementing a new pay structure
- managing pay progression in unionised and nonunionised environments
Equal pay audits
DAY 2
Pay for performance
- individual performance-related pay and the link to performance management
- latest trends and different approaches
- case studies
Incentive pay
- incentive scheme design, bonus scheme features
- balance between fixed and variable pay elements
- sales incentives and commission schemes
Action planning