For most companies employee compensation and benefits are the largest expenses and one of the most difficult to manage. Finding competitive levels of compensation and benefits that motivate employees without overpaying is key. In this session, participants will review basic economics, equity issues, benefits, and incentives.
Topics Covered:
• Internal Equity
• External Equity
• Contingent Pay and Group Incentives
• Compensable factors
• ESOP
• Employment bands
• External Labor pool
• Financial Statement
Who Will Benefit
Persons who are responsible for compensating employees, HR practitioners or mangers involved in pay increase/decision making.
Instructor
Peter Thompson, University of Illinois at Chicago, Lecturer, Management Studies.His research interests include leadership, organizational culture, human resource practices and organizational psychology–especially as they apply to employee ownership. He has taught a wide variety of course at the university level, including human resource management, compensation, and organizational behavior, as well as finance, accounting, and strategy. Prior to his academic career, Dr. Thompson worked in the financial services industry for 12 years as a financial analyst, corporate finance officer, and loan officer.
