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Establishing a Compensation Philosophy and Strategy & Building Pay Structures
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Early check-in begins at 11:15 am.

 Export to Your Calendar 2/21/2019
When: Thursday, February 21st
From 11:30 to 1:00 (Check-in begins at 11:15)
Where: Map this event »
DoubleTree Hotel
2431 N Glenstone Avenue
Springfield, Missouri  65803
United States
Presenter: Laura Ingram, AAIM Employers' Association


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Establishing a Compensation Philosophy and Strategy & Building Pay Structures

Compensation programs are an important part of an overall human resource strategy in that compensation is important to the organization’s employees.  A properly designed compensation program will communicate and reinforce the organization strategic initiative and what all must accomplish for the organization to be successful. The organization’s compensation philosophy and strategy will become a “blue-print” for the design of effective total rewards programs. This program will provide participants with an in-depth understanding of the importance of having a formal compensation philosophy and strategy as well as the steps to follow in the design of such.  We will also review steps in designing, and pros and cons of, market-based base vs. internal equity based pay structures.

 

Learning Objectives:

  1. Understanding of the elements that make up an effective compensation philosophy and strategy
  2. Step-by-step process to design a compensation philosophy and strategy unique to the organization
  3. Review of the process of implementing and communicating the compensation philosophy and strategy to stake-holders in the organization
  4. Steps in designing, and pros and cons of, market-based base vs. internal equity-based pay structures

 

Presenter: Laura Ingram, SPHR, SHRM-SCP, Vice President HR Services

Laura Ingram joined the AAIM team in 2012 and is a member of the executive staff.  Laura leads AAIM’s HR Services division, including compensation, on-site HR support and consulting, affirmative action plans, employee surveys, compliance services, and background screening.  Her previous fifteen years of progressive human resources experience spans the areas of multi-state compensation management, generalist human resources management, and strategic workforce planning. Over her career Laura has practiced human resources in a variety of industries, including roles with BellSouth, Sara Lee, Monsanto, and Smurfit-Stone Container.

Laura received her Bachelor of Science Degree in Business Administration from Washington University in St. Louis, has been a certified Senior Professional in Human Resources (SPHR) since 2000, and holds the SHRM Senior Certified Professional certification.  She is a member of the Society for Human Resources Management, the National Human Resources Association, World at Work compensation association, and HR People and Strategy.  She also serves as the 2019-2020 President for the St. Louis affiliate of HR People and Strategy, SHRM’s executive network.

 

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