9 Compensation Essentials for Your HR Toolkit
As our workforces grow and change, HR Leaders and practitioners guide some of the heaviest financial decisions within the organization—employee pay. Pay, to an individual, has meaning beyond the paycheck because it can be perceived as a measure of worth and one's value to an organization. This workshop will provide an overview of the steps HR Leaders and professionals can take to set up and manage a solid compensation program from start to finish.
Attendees will learn where to start when developing a compensation program at their organizations and how to engage senior leadership in some initial key decisions and steps. We will also discuss defining the organization’s compensation philosophy, pay competitiveness, and where to find reliable pay data sources. The practical topic of making informed pay decisions will be covered, as well as the headline-worthy topic of pay transparency.
Rena Somersan is a Managing Principal with Newport Group. She has over twenty years of consulting and industry experience assisting clients in executing their strategic human resources and compensation initiatives. Her focus has been in the areas of workforce and executive compensation, performance management initiatives, leadership development, talent motivation and retention.
• President of the Metro Milwaukee chapter of the Society of Human Resource Management (SHRM) (2014-2015 term) and national member of SHRM and World at Work
• Founding board member of the Istanbul chapter of the International Business & Professional Women’s Association
• Bachelor's degree from the University of Wisconsin-Madison, MBA from Koc University
This session is pending approval for SHRM Professional Development Credits (PDCs) and HRCI recertification credits.
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