Course/Product Description Title: Reversing Salary And Benefit Cuts: Managing And Communicating Compensation Changes Date / Time: Recorded Format: Audio Conference Description: According to the latest Watson Wyatt bi-monthly report, an increasing number of employers plan to undo cutbacks in pay, end salary freezes, and reinstate 401(k) matches within the coming year. May sound like good news… but as some cuts are rolled back, many face smaller raises, lower bonuses and higher health care costs. Managing and communicating any change in compensation is tricky for most organizations. In fact, the manner in which you handle and discuss these changes, especially reversals, is crucial for optimizing employee morale, productivity, and retention. Learning Objectives: Make reversals work for your company in terms of retention, Use rollbacks to reward and reassure top-performing employees, and Best communicate compensation and benefits changes. During this information-packed program, you’ll also learn: How to keep an eye on your company’s total compensation philosophy and decide what will drive it now and when the economy rebounds Best practices for engaging employees during the ramp-up Ramifications and rules for reinstating 401(k) matches How to avoid possible discriminatory issues Other benefits to consider reinstating Featured Faculty: J. Mark Davis, Managing Principal, Valitus Group, Inc. Mark Davis is the Founder and Managing Principal of Valitus Group, Inc., a management consulting firm that helps clients improve sales force effectiveness through solutions firmly grounded in an organization’s business objectives. He has worked with clients on issues ranging from sales force organization structure and job design, to sales compensation plan design and implementation. Mark is the co-author of Sales Compensation Math (WorldatWork, 2008) and a contributing author of The Sales Compensation Handbook − Second Edition (AMACOM, 1998). He is a WorldatWork faculty member, teaching Sales Compensation for Complex Selling Models and Competitive Market Pay: Pricing Sales Positions. He frequently speaks on the topic of sales compensation and is regularly quoted in leading publications, including Business Week, USA TODAY, Selling Power, Sales & Marketing Management, Workspan, and HR Magazine. In addition, he publishes the monthly e-newsletter, Sales Effectiveness Insights. Mark serves clients in a variety of industries, including technology, telecommunications, medical devices, entertainment, media, financial services, consumer products, publishing, business services, hospitality, retail, wholesale distribution, and transportation. His clients have included, among others, Activant Solutions, Alliance Imaging, Apria Healthcare, Aspect Software, Atmel, Autodesk, Baxter, Beckman Coulter, Blue Coat Systems, Blue Cross Blue Shield of Arizona, Chartered Semiconductor, CU Direct, DIRECTV, EDS, Epitaph Records, Gateway, Harcourt Assessment, Hewlett-Packard, Hitachi, IBM, Invitrogen, Los Angeles Times, Marfred Industries, MGM, Murad, Nortel, Oakwood Worldwide, OrthoLogic, Peak Performance, PolyPAK America, Quantum, Raychem, R.R. Donnelley, Starwood Hotels, Sybron Dental Specialties, Thomson Learning, Trojan Battery, Two Jinn, US Labs, Walt Disney Internet Group, Warner Home Video, WesCorp, Who’s Calling, and Yellow Roadway. Pat Lynch, President, Business Alignment Strategies, Inc. Pat Lynch, Ph.D., SPHR is President of Business Alignment Strategies, Inc., a management consulting firm in Long Beach, CA. Her compensation-related work with clients includes designing and implementing compensation plans, aligning compensation plans with organizational goals, designing variable pay plans, and communicating changes in total rewards plans. A former university professor, Pat earned a Ph.D. in personnel and employment relations (HR, labor relations, organizational behavior), with a minor in employment law, following a career as a senior financial analyst for FedEx Corporation. She has authored and co-authored articles in academic and business publications as well as contributed chapters to two books. She publishes a monthly e-newsletter Alignment Solutions. Pat has been quoted in local and national media, including the Wall Street Journal. She served on the HRCI Western Item Writing Panel for six years, and currently serves on the HRCI Forms Review Panel. Pat is a graduate of Alan Weiss’s prestigious Million Dollar Consulting® College and the Million Dollar Consulting® Graduate School. She was inducted into the Million Dollar Consultant® Hall of Fame in 2009. She belongs to a number of professional organizations, including the Society for Advancement of Consulting, the American Psychological Association, WorldatWork, and the Society for Human Resource Management. Cannot Attend The Live Presentation? This presentation is also available on CD after the initial broadcast. About Webcasts / Audio Conferences / Podcasts: Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions. The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form a training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends! And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office. Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions. Licenses / Designations / Educational Credits: PHR/SPHR All US States: 1.5 About The Provider: The Center for Competitive Management (CCM) is the one resource that gives you an insider’s advantage for staying on top of the issues in your industry. CCM’s content is designed to help busy professionals like you with your critical responsibilities and improve the performance of your company. With over 10 years of experience in providing up-to-the minute, high-impact information, you can count on CCM for authoritative and practical guidance — and save time and money getting it. CCM’s trusted guidance is a reflection of the combined efforts of our executive team, our national network of authors and presenters — all of whom are recognized leaders in their fields— and our highly accomplished in-house production staff. All of which are dedicated to providing the most current information available to help keep you on top of the changes in your field, and learn valuable insights that boost your performance. More Info: Contact Us For More Information To order this product by check/invoice or credit card, select the desired delivery format and enter the desired quantity here >>> Recorded CD ($199.00) Qty:

Keywords For This Course:
compensation, salary freezes, pay cuts, reversals, communication