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Market Pricing and Competitive Pay Analysis - Partner Virtual Classroom

$679.00
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SKU:
T-CR-VLC-MPCPPVC
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As part of the CCP/GRP certification program track, this course explores how an organization’s business strategy and compensation strategy are influenced by how an organization decides to position its pay relative to the market in which it operates. Understanding and defining the “market” in which an organization must compete for skilled professionals helps assess external competition and informs the compensation programs that will attract and retain people who create outcomes for business objectives.  It is recommended as the fifth course in the CCP and GRP certification pathway. This is a hybrid course with expected self-study portions as well as instructor-led classroom time. The breakdown is as follows: Content Hours = 17.0 with 7.5 hours in Classroom, 7.5 hours self-guided and 2 hours for the exam. What You Will Learn  The alignment of market pricing and business strategy, including compensation philosophy, market position, and business life cycle. Market-based pay versus a pure market pricing approach – and the pros and cons of market-based job evaluations and pay design. Understanding salary survey data so you’ll know which options are most relevant for your business and employees.   Leveraging salary survey data via aging, blending, adding a premium, weighting, modeling, and regression analysis.