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Creating and Using a Salary Increase Matrix

Sponsored by Lorman Education Services
Thursday, March 29, 2012

Time: 1:00 pm ET (12:00 pm CT, 11:00 am MT, 10:00 am PT)

Length: 1 hour 30 minutes


Registration - Session Only: $199.00

Registration - Live Audio Conference plus CD Recording: $268.00


BENEFITS

This live audio conference will discuss the concept, implementation and best practices associated with a merit matrix. Implementing a merit matrix is one of the easiest and most direct ways to link pay with performance and manage turnover.

Sharing of pitfalls that many companies encounter when implementing a matrix and how to avoid them will be addressed. The live audio conference will provide insight into varying types of merit matrix models, as well as an example of the implementation process.

AGENDA

Foundation of a Merit Matrix System – Market-Based Pay

What Is a Merit Matrix?

Why Use a Merit Matrix?

  • Motivate Employees
  • Drive Results and Retain Top Performers
  • Allocate Salary Increase Dollars in an Efficient and Fair Manner

Merit Matrix Pitfalls

  • Structures Out of Alignment With Market
  • Calibration of Performance Scores
  • Matrix Not Conforming to Budget

Merit Matrix Model Example

  • Data Requirements
  • Selecting a Model
  • Employee Analysis
  • Final Results and Cost Detail
WHO SHOULD ATTEND
This live audio conference is designed for human resource managers, payroll and benefits professionals, presidents, vice presidents, business owners and managers, CFOs and controllers.
FACULTY

Amber Duncan, SPHR, CBIZ, Inc. 

  • Manager of compensation consulting in the Human Capital Services Practice of CBIZ, Inc.
  • More than eight years of experience in the area of human resources, focusing on designing innovative compensation programs
  • Senior professional in human resources and finishing course work towards certified compensation professional designation
  • Expertise includes designing market-based compensation programs, linking pay with performance, pay structures and compensation surveys, as well as developing policies and procedures
  • Assists clients in the design and implementation of strategic base salary and incentive programs
  • Can be contacted at 800-844-4510 or alduncan@cbiz.com
LIVE AUDIO CONFERENCE OVERVIEW

* 90-minute live audio conference (Travel-Free) delivered over the phone and internet.
 * Unlimited listeners per connection - bring the entire department.
 * 10-minute Q&A session with the experts.
 * A professionally prepared reference manual.
 * Continuing education credits available for most live audio conferences

CONTINUING EDUCATION UNITS

(sponsored by Lorman Education Services)

  • AIPB
  • CPP/FPC (Pending)
  • CPE
  • HR Certification Institute
  • HRPD

Click here for the "Detailed Credit Information" page.

Only registered attendee will receive continuing education credit.

REGISTER
Registration - Session Only: $199.00

Registration - Live Audio Conference plus CD Recording: $268.00

(Not available outside the US or Canada)

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