Pay Grades and Job Value—How to Build a Workable Compensation System

Compensation structures are the backbone of a successful talent management strategy. At least once a year, it’s critical for compensation professionals to reassess pay ranges, evaluate internal equity, and consider enhancements such as re-ranking jobs or adding variable pay. These updates ensure alignment with market expectations and organizational goals, and they help retain top talent while maximizing productivity.

This webinar will guide you through the foundational steps of establishing and refining pay grade structures. Whether you're rewarding time, knowledge, skills, or competencies, properly determining job grades is essential for achieving an equitable and competitive compensation system. Without accurate pay grade frameworks, even the best salary survey data can lead to ineffective or misaligned pay decisions. Join our seasoned compensation expert and learn how to fit the pieces of the total rewards puzzle together for long-term success.

• Understand what job grades are and how to determine them effectively for building or revising a pay structure
• Learn how to construct a salary structure, including examples of different models and methods
• Discover when to pay above or below market and the strategic reasoning behind each approach
• Explore the critical role of pay grades in performance and merit-based pay systems
• Learn how to integrate pay grades with variable pay strategies
• Gain insight on when and how to conduct an internal equity review
• Understand best practices for addressing pay discrepancies and avoiding legal risks
• Examine approaches to close gender-based pay gaps in similar positions
• Review legal considerations when implementing or updating a compensation policy

This webinar provides a practical roadmap for creating a balanced pay system that supports employee retention and business objectives. You’ll walk away with actionable strategies to ensure fairness, compliance, and competitiveness in your compensation practices.