Setting and reviewing rate ranges and job grades for your workforce can be very tricky business. You may find it tough to benchmark within your industry and against similar organizations. If you set your ranges too narrowly, you risk losing your best workers to higher-paying competitors. But, if you aim too broadly, you may watch your payroll expenses skyrocket (a disaster in today’s tough economic times).

Order this audio conference recording, as our expert explains the basics of reviewing and managing rate ranges and job grades. You’ll learn practical steps for developing competitive, affordable, and fair salary structures - and for fixing the most common problems employers face when dealing with pay range issues.

You and your colleagues will learn:

• The basic steps in examining your current rate ranges and job grades, and identifying problem areas
• Determining the salary structures that make the most sense for your organization, from broadbanding to step salaries
• How to decide whether you must broaden or narrow your pay ranges
• The best practices for dealing with pay challenges such as performance-based raises and cost-of-living adjustments
• Why you must gauge the equity of your pay ranges to avoid charges of favoritism or discrimination
• Which techniques work best in managing pay ranges for employees who are in competitive fields and specialties, who have upgraded their skills or completed training programs, who are brand-new hires, or who have maxed out in their current ranges
• The steps you should follow to set ranges for hard-to-fit employees such as sales representatives and highly compensated technicians
• How to propose pay range adjustments to your organization’s leaders - and how to communicate the changes to workers effectively (and with a minimum of controversy)

Jerry P. Nelson is president, chief executive officer, and founder of HRN Management Group, a human resource software and consulting company based in Salt Lake City. He offers his clients more than 30 years of human resource management experience. Before founding his company, Nelson served as senior vice president and director of human resources for Valley Utah Bancorporation, a billion-dollar bank holding company located in Utah. He is a popular and frequent speaker, addressing national and regional audiences on a variety of human resource topics, and he has held several university teaching appointments on human resources issues. He earned his master’s degree from Brigham Young University.

Approved for Recertification Credit

This program has been approved for 1.5 recertification credit hours toward PHR, SPHR, and GPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI home page at www.hrci.org.

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