How to Use Your Comp Budget to Retain and Attract Top Talent

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Presenter: Tim Low, PayScale

Original Program Date: October 2018 (available for on-demand viewing through January 2019)

Program length: 60 minutes

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After what seemed like years of stagnating wages, salary increase budgets are finally climbing up in 2018, as near-record-low unemployment keeps the talent market tight.

In line with this growing competition for top talent, World at Work’s 2018 annual budget survey found that the average salary increase budget increased from last year, from 3 percent to 3.1 percent. Furthermore, the typical organization is projecting an additional compensation budget increase to 3.2 percent in 2019.

Before you panic over any looming “bidding war” for the best employees, consider this: your compensation budget may not have to change all that much. Instead, it’s about making smart choices about how you allocate your dollars to different segments of your employee population, when you pay and how you communicate your salary decisions to employees. In this webinar, Tim Low from PayScale will show you how.

The session will discuss:

  • Key findings from World of Work’s 2018 annual salary budget survey
  • Interpretations of why salary budgets are trending upwards, informed by PayScale’s own research on compensation budgets and approaches
  • Actionable ideas on how to make the most of your salary budget – no matter how large or small it is.
  • How to make a business case to get your budget approved.

Learn about our speaker About the Presenter: Tim Low is a senior vice president of marketing at Payscale. He joined the PayScale team in 2011, bringing his experience in demand generation, product marketing, branding and go-to-market to the company’s business products. His resume includes deep expertise in both enterprise software and cloud-based applications. Low has held executive positions at Daptiv and at Niku (where he was part of the team that led the IPO), and product management roles at both Microsoft and Oracle. He also was a founder of social analytics platform NorthbyNine

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Recertification Credit

Viewing this webcast in its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM, as well as recertification from the HR Certification Institute (general credit).

Webcast Sponsor

This webcast is sponsored by PayScale

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