Compensation Strategies in a Red Hot Labor Market
This Activity has been APPROVED for SHRM and HRCI Re-Certification Credits.
Recent data shows that more than 40% of Americans say they are planning to change jobs in the coming year. Add to that data that shows that the number one factor in recruitment and retention is pay and perceived fairness around compensation. Now, more than ever, it’s important that your company has compensation strategies and pay practices that positively affect the entire organization.
In this session, TERRA’s Chief Strategy Officer, Jenifer Lambert, will be joined by Catherine Dovey, Managing Director and Founder of Sound Compensation to discuss all things compensation in light of the current market where competition to attract and retain talent is fierce. You will leave this session with Information you can take to your executive team to proactively tackle the important issues around pay.
The format of this webcast will be highly interactive and will include topics like:
- Important trends in compensation including pay equity and transparency
- Addressing major shifts in expectations from the current workforce
- Strategies for defining and aligning pay philosophy with practices and policies to create competitive advantage
- Tactics for evaluating the market including talent competitors, earning power and the ever-increasing issue of pay compression
The goal of this session is to be super practical and address your real-time concerns. When you register, please leave a note about what compensation topics are hot on your mind.
About the Speakers:
Catherine Dovey is the Founder and Managing Director of Sound Compensation, a specialized management consulting firm that helps companies develop pay strategies and practices that align with their business goals. They help their clients develop and execute pay strategies based on analysis, real data and expert perspective. Clients range from startups to world-class brands. Catherine is a highly sought-after consultant and speaker on the topic of compensation strategy and a thought leader in the field of total rewards.
Jenifer Lambert is the Chief Strategy Officer of TERRA Staffing Group, one of the fastest growing staffing firms in North America and a recipient of the Best of Staffing award for client satisfaction scores in the top 2% of the U.S. ten years running. Jen and her team provide staffing, recruiting and consultation to clients across broad industries and talent categories of manufacturing, distribution/logistics, call center, IT, engineering.