Event Details

Ron Hamilton, Founder and Chief Consultant of Practical Human Resources Solutions, will speak to our group on Strategic Compensation Strategies - Total Rewards: A Compensation Primer

This presentation will cover the basics of compensation. It will focus on how to ensure internal consistency of pay, market competitiveness and the importance of recognition of individual differences. This will include the importance of job analysis and job evaluation; the utilization of market surveys and the development of pay structure, job grades and pay ranges. We will discuss the importance of variable (incentive pay) as a cost effective way of improving performance.

As a part of the presentation, we will discuss important compensation issues such as pay compression and how to minimize or eliminate that problem.

This presentation is intended for people in Human Resources who are not compensation specialists but need to understand the basics and managers who need to gain a better understanding of the workings of the compensation process.

Objectives

At the conclusion of the program participants will be able to:

• Identify the various base pay systems and the advantages and disadvantages of each
• Recognize compensation design issues and determine an approach based on organization and employee needs.
• Describe how to value jobs and from that, build a base pay system.
• Decide on a methodology for pay structures and increases.
• Identify the key concerns that must be addressed when designing variable pay plans.

BIOGRAPHY OF RON HAMILTON

Ron Hamilton is Founder and Chief Consultant of Practical Human Resources Solutions, a management-consulting firm that provides services in areas such as compensation/benefits consulting, training and leadership development, organization development, HR policy/handbook development and the development of strategic staffing processes.

Prior to starting his consulting practice in 1996, Ron served in Senior Management capacities at CoreStates Financial.  He was Vice President and Director of Human Resources at CoreStates New Jersey National Bank and Vice President and Director of Human Resources Services at CoreStates Financial Corp in Philadelphia.  Ron was also Manager for Compensation and Benefits at Corestates New Jersey National Bank.

Ron’s clients range from Fortune 100 companies to “start ups” in a variety of industries including technology, financial services, healthcare, consumer services and non-profits. His compensation and benefits consulting clients include healthcare, non-profits, colleges, manufacturing and service companies.

Ron earned his M.S. in Organizational Dynamics from the University of Pennsylvania. He is an Associate Professor at Webster University teaching graduate courses in Compensation, Management and Human Resources and is an author and speaker on a variety of HR and compensation subjects.

Ron is a member of the Society for Human Resources Management.

Please plan to meet Ron at our March CCSHRM Meeting!