Webcast:
Nearly 90% of organizations rely on market pricing as an integral part of their compensation strategy (World at Work 2009). When used effectively, market pricing increases your confidence about the competitiveness of your compensation structure to attract and retain talent. To what extent do survey sources match the jobs you benchmark and the labor pools from which you draw talent? How intentional are you about using national and local survey sources for job level, and to what extent do you depart from market pricing for critical and high demand positions? When finance and workforce planning ask at what percentile your company competes against the labor market, how do you know if your strategy is effective? With budget scrutiny and managers clamoring for job evaluations, you’ll want to assess reputable survey sources, how to analyze market compensation data and establish relevant rewards for your organization. This webcast will bring order and clarity to market blips, adjustments and organizations wanting to evaluate the “new normal” in the current economy for compensation strategy and market pricing. If your role involves job documentation, compensation analysis, finance or workforce planning, or talent retention you won’t want to miss it!
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Presenters
Ken is a Principal consultant with Aon Hewitt Associates and is the North American leader of Aon Hewitt's Broad-Based Compensation (BBC) practice. He is located in Aon Hewitt's Lincolnshire, Illinois headquarters and has over 20 years of experience consulting in all facets of human resources including linkage to business strategy, globalization, engagement, incentive design, broadbanding, and employer branding. Ken has worked with numerous organizations to help them achieve breakthrough value creation through their people, and is a frequent speaker on the topic. Ken is regularly quoted in a variety of media sources including The Wall Street Journal, USA Today, Crains Chicago Business, CBS Radio, WGN Radio, CNN, and The Osgood File.Prior to joining Hewitt, Ken worked for a major pharmaceutical company in the areas of compensation, employee relations, and pharmaceutical sales. Ken holds an M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University and a B.A. in psychology from Northwestern University.
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