Cycle with PayScale Crew Agenda The Annual Pay Change Process 5 - - PowerPoint PPT Presentation

5 Steps to a Painless Increase Cycle with PayScale Crew

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The Annual Pay Change Process 5 Steps to Painless Increases PayScale Crew Walkthrough Questions

Agenda

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How are you managing the annual increase process?

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Survey Results

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How can you make the increase process easier?

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Timeline

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Compensation Calendar

PAY INCREASES Enter/Audit adjustments Deliver Total Comp Reports Market study Develop trainings Determine % budget Performance eval Train management Decide on increases Goal setting for next FY

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Increase Timeline example

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Budgeting

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3% …why?

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Communication

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Communication “Tell them what you are going to tell them, tell them, then tell them what you told them” Aristotle

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WIIFM?

• When is it happening
• How is it happening
• Why is it happening
• Who is responsible
• How does it affect me

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75% of pay conversations are between managers and employees

Source: CEB

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19%

• f organizations are ‘very confident’ in their

managers abilities to have tough conversations about pay

Source: 2016 PayScale CBPR

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Train Managers

• What they should know
• How they should frame
• Who they should ask
• When it should happen
• Why it matters

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Spreadsheets

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PayScale Crew

Same page, not the same spreadsheet

Have confident conversations Keep it simple Make comp a team sport

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Live Demo

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Takeaways

• Timeline
• Budget
• Communication
• Manager Training
• Spreadsheets

Questions?

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