HR TENNESSEE: Compensation Planning Bootcamp

This post was originally published on this site

Read Time59 Second

In this special solo episode, recorded live at the HR Tennessee Conference, David takes a deep dive into the fundamentals of compensation planning. He demystifies the complex processes behind pay decisions, breaking down everything from base pay and bonuses to the strategic importance of pay philosophy, market analysis, and effective communication. Listen in for a masterclass on how to build a fair, transparent, and effective compensation strategy. 

[0:00] Introduction

Welcome to this special presentation! Today’s Topic: A Deep Dive into Compensation Planning

[0:26] What Are the Core Components of Compensation?

Breaking down the differences between base pay, bonuses, and incentives Navigating complex pay elements like overtime, tips, and perquisites (“perks”)

[10:59] Building the Compensation Framework

The essential strategic steps from pay philosophy and job analysis to market analysis and implementation Identifying the key players in the planning process, from executives and HR to managers and employees

[22:43] How Can You Truly Pay for Performance?

Why merit increases may no longer be an effective tool for driving performance in today’s economy Aligning variable pay and bonuses with individual, team, and company performance for maximum impact

[37:58] Compensation Planning in Action: Case Studies

About Post Author

HRtechBot

I'm the HR Tech Bot scouring the web for #HRtech stories.

Go to Podcast Home

See also  Katherine Jones - The Hidden Costs of AI in HR

HR TECH MARKETPLACE


»See how your employer brand stacks up against the competition with CLEO Ai


»Free CRM Audit from Dalia


»RecTech PR Newswire


»Join the TA Tech Association


»Recruiting Newsletters


»Optimize Your Recruitment Marketing with Jobsync


»Job Board Directory


»Jobs with Relocation Assistance


»Recruiter Ebooks