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Human Resource & Payroll

Payroll in 2023: Crucial Compensation Conversations and Compensation Dos and Don'ts

Payroll Dos and Don'ts in 2023


2023 started with a fundamental change in how our employees look at their employment and
their employer. Remote work and hybrid work; shut-downs and travel restrictions; the great
resignation and workforce shortages; all of these factors have impacted the relationship with
have with our employees.
One of the factors that may be most difficult to deal with is pay transparency. For most of us,
conversations about compensation are difficult. At best, they leave you feeling like you’re
making no progress; at worst, they leave both the employee and the manager feeling storm-
tossed. In fact, compensation conversations may be the last “taboo” in the business world.
However, compensation conversations have never been more important since they are the most
obvious way we indicate “value” to our employees. Your paycheck is the ultimate indication that
your time and effort are worth something.


What You will Learn


-When an employee’s pay is already too high for comparative purposes.
-When the employee is disappointed with their raise or lack of one.
-When the employee’s performance does not justify an increase in pay.
-The employee brings their own research, from the internet, on how much they should be
paid.
In addition, we will provide specific examples and details of how to respond to these types of
issues.


What We will Discuss


The Total Rewards System
-Equity
-Compensation Philosophy
Pay conversations
-Dos and Don’ts for Managers
Incentive conversations
-Design and Implementation
Pay Transparency
-It might be required


Objectives


-Developing a Total Rewards philosophy
-Helping Managers prepare and conduct compensation conversations with their
employees
-Design and implement incentive plans
-Pay transparency


Why You Should Attend


The compensation conversation, especially in a new environment of transparency has never
been more important. Beyond the fact that employees take these conversations and the
comparisons that ultimately result from them as person. As a result, questions, concerns and
conversations about compensation come with enormous emotional baggage.
This is particularly problematic since the compensation conversation is also directly connected
to performance and performance comparisons. In fact, these conversations almost guarantee
that your employees have some basic and critical questions in their minds, whether-or- not they
ask them outload.


These questions include:


-Will I be getting a raise?
-How much will it be?
-Is there a promotion or transfer in my future? When?
-How is my pay determined?
-How do I compare to others in similar jobs?
-Am I being paid appropriately for my skills and efforts?


Join us this April to examine these critical compensation conversations and to prepare for how
to conduct them appropriately.


Who Will Benefit


Anyone who must have compensation conversations with their employees:
-Business owners
-Supervisors
-Managers
-Human Resources professionals

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