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Home > Just Say No to "Merit" Increases (and Manage Salaries Instead)

 
 

“Merit” increases, as commonly determined, can result in some very risky situations for employers of all types. These may include:

  1. Serious internal pay inequities, leading to both (a) noncompliance with pay equity legislation and (b) negative employee engagement due to perceived unfairness
  2. Lack of market competitiveness, often leading to high undesirable turnover and an inability to hire the best candidates
  3. Excessive payroll costs, especially when resulting in overpaying and/or underpaying employees, as both consequences are costly
  4. Obliteration of real linkage of pay to performance, as “merit” typically doesn’t mean true merit at all

Learn how to make base pay adjustments in a way that results in equitable, cost-effective, competitive, legally compliant, and motivational wages and salaries.

 

In this session, you will learn how to:

  • Establish internally consistent and market-competitive job values
  • Administer base pay adjustments within a job value framework
  • Make pay for performance actually work
 
Date(s) & Time(s): 
Thursday, October 3, 2019 - 3:00pm to 4:00pm
Presenter: 
Shari Dunn
Managing Director, HR and Compensation Consulting
Arthur J. Gallagher & Co.
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Shari Dunn, a managing director and national practice leader of the HR and Compensation Consulting Practice (HRCC) within Gallagher, specializes in the design and development of strategic base pay plans, performance-based incentive programs and general human resources consulting. Working with private sector for-profit and nonprofit clients and known for her innovative, highly effective approach to job evaluation, salary administration and performance measurement, Dunn supports her clients’ ability to pay competitively, equitably, cost-effectively, motivationally, and legally. She is a frequent presenter at professional conferences, and serves as a guest lecturer at the Haas School of Business at the University of California, Berkeley. Dunn was in compensation management in banking, consumer goods, and manufacturing companies, as well as two global consulting firms, McKinsey and Deloitte, prior to starting her own consulting firm in California. She was the founder and principal of CompAnalysis for many years prior to its acquisition by Gallagher.

SESSIONS:
Location: 
Oak
Credit Type: 
•SHRM PDCs
Session Type: 
Concurrent Session
Competency: 
Consultation
HR Expertise
View other sessions related to this topic: 
Talent & Total Rewards

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