5 Steps to Building a Modern Comp Plan

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Presenters: Krystal Praast and Diane Schuman, Payscale

Original program date: December 2017 (available for on-demand viewing through March 2018)

Program length: 60 minutes

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A comprehensive compensation plan can guide your organization in its talent strategies, but a modern comp plan drives organizational success. Modern compensation planning is rooted in your company’s goals and uses pay as a lever to increase employee retention, engagement and performance. Whether you’re creating a modern compensation plan for the first time or updating an existing one, these five steps will help you create a plan that sets your organization up for long-term success.

PayScale’s Krystal Praast and Diane Schuman will show you how to create a modern comp plan from intention to implementation. You’ll learn about:

  • The importance of laying the groundwork for comp success.
  • How to build market-based pay ranges.
  • The path to successfully implementing your plan.

About the Presenters: Diane Schuman is a compensation professional at Payscale. She began her work at Payscale in 2014, after holding positions at Rover.com and Living Social.

Krystal Praast is a compensation professional at PayScale. She has worked with a multitude of clients spanning from small, family-run businesses to large, complex organizations. She has a passion for helping her clients realize the value of their workforce and implementation of their compensation plan. She has a background in recruiting, HR and operations.

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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 and recertification from the HR Certification Institute (general credit).

Webcast Sponsor

This webcast is sponsored by Payscale

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