October 15, 2018
12:30pm - 1:30pm
Risky Business: Making Safe Pay Decisions in Changing Times
This webinar is focused on how employers can avoid financial, legal/regulatory, and employee relations risks when deciding how much and in what manner to pay their employees. Compensation decisions almost always have more far-reaching consequences than may at first be apparent. This session will offer guidance on ways to minimize the risks associated with new hire salaries and bonus targets, as well as salary adjustments and bonus payouts for existing employees.
The learning objectives applicable to each of the risk categories will include:
- Cost Risks – (1) base pay: both underpaying and overpaying are costly: learn how to administer pay in a way that focuses on actual resulting salaries, not on percentage increases, and (2) variable pay: learn the principles of incentive pay plan design so bonuses are set in a way that produces the desired business results in a cost-effective way.
- Legal/Regulatory Risks – (1) review the basic requirements of the 2017 California Fair Pay Act and learn how to assure compliance, (2) understand the fundamentals of the FLSA and its California correlates as applicable to pay, including exemption status, and (3) know why the new prohibition against requesting salary histories during the recruitment process is actually a very good thing.
- Employee Relations Risks – learn how to manage and communicate cash compensation policies and practices in ways that result in significantly higher employee engagement, especially relative to establishing a cohesive compensation philosophy that is transparent and actually executed as stated.
COST: Free for Members
Shari Dunn, a managing director and national practice leader of the Compensation and HR Consulting Practice (HRCC) within Gallagher Benefits Services, a division of Arthur J. Gallagher & Company, specializes in the design and development of strategic base pay plans, performance-based incentive programs and general human resources consulting. Working with private sector for-profit and non-profit clients and known for her innovative, highly effective approach to job evaluation, salary administration and performance measurement, Dunn supports her clients’ ability to pay competitively, equitably, cost-effectively, motivationally, and legally. She is a frequent presenter at professional conferences, and serves as a guest lecturer at the Haas School of Business at the University of California, Berkeley. Dunn was in compensation management in banking, consumer goods, and manufacturing companies, as well as two global consulting firms, McKinsey and Deloitte, prior to starting her own consulting firm in California. She was the founder and principal of CompAnalysis for many years prior to its acquisition by Gallagher.