Name
Striking a Balance with Salary Structures: Internal Equity vs. External Competition
Date & Time
Wednesday, June 14, 2023, 10:00 AM - 10:45 AM
Track
Compensation
Session Format
Presentation
Target Attendee Experience Level
Intermediate: Hands-on and Practical Application
Description

In today’s tight labor market, tailoring salary structures to support organizational goals and manage local labor market movement is critical. This session will take you on our salary structure journey as we worked with Salary.com to address market volatility and resulting wage compression. Join us to learn how to lead with data when balancing internal equity and external competitiveness, and how establishing salary structures is essential to paving the way for pay equity.

Learning Objectives
· Understand the key components of salary structure design and how they can lead to pay equity.
· Learn how to use those components to create custom salary structures that support your organization’s goals.
· Know how to evaluate the effectiveness of salary structures for employee retention.