How to Prepare Your Organization for a Compensation Study

How to do a compensation study? With employers experiencing increased numbers of vacancies and a volatile market, many organizations are revisiting their compensation strategy. Compensation studies are a mechanism that employers can use to analyze current pay practices, determine competitiveness in the market, and identify potential changes to attract and retain staff.

This webinar will provide an overview of the preparation needed for a successful compensation study, such as:

• Identifying whether a compensation study is appropriate for the organization

• Identifying the organization’s compensation philosophy and desired market position

• Revisiting current pay practices and salary structure, and the organization’s ability/willingness/desire to change structure

• Identifying needed scope of the project

• Gathering required documents and Information prior to study kickoff

• Identifying benchmark classifications and comparable labor market agencies

• Considering resources and implementation feasibility

Compensation studies are a mechanism that employers can use to analyze current pay practices, determine competitiveness in the market, and identify potential changes to attract and retain staff. This webinar will provide an overview of the preparation needed for a successful compensation study.

How to Prepare Your Organization for a Compensation Study

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Igor Shegolev

Igor Shegolev, SPHR is a compensation and human resources practitioner with extensive experience in practicing compensation and teaching business courses at a graduate level. For the last two decades Igor held executive jobs in compensation and HR management in both government and private sectors, designing and managing compensation, classification, and HR information systems. Igor Shegolev has taught graduate business courses at Troy University and University of Phoenix.

Sarah Jansen

Sarah Jansen is an experienced Human Resources professional with more than 15 years of experience in public sector human resources at the local and federal levels. She has extensive experience working with clients to develop, update, and implement solutions that will encourage the recruitment, development and retention of successful employees.

About CPS HR Consulting

CPS HR Consulting is a self-supporting public agency providing a full range of integrated HR solutions to government and nonprofit clients across the country.  Our strategic approach to increasing the effectiveness of human resources results in improved organizational performance for our clients.  We have a deep expertise and unmatched perspective in guiding our clients in the areas of organizational strategy, recruitment and selection, classification and compensation, and training and development.