Look Ma, No Maximums! (And Other Crazy Ideas for Alternative Pay Structures)

Most of us have used pay structures for a long time in our base pay plans. In this presentation, we will step back and look at the traditional approaches to designing pay structures to see why structures are designed the way they are…and we’ll examine some alternative approaches to modify pay structures to meet internal and external drivers. The design considerations we will look at include: Pay Policy Lines, Range Spread, Overlap, Progression, Minimums/Midpoints/Maximums, and Number of Structures.

We will also present a real life case study on the redesign of a Pay Structure to address internal equity issues. The case study looked at a range of options, including eliminating range maximums. The end result is a unique asymmetrical pay structure that has been successfully implemented.

Presenters

Robert C. Roesch, CCP, SPHR, Director of Human Resources at University Corporation for Atmospheric Research (UCAR), a private research and development organization focusing on atmospheric and climate issues.  Bob has over 25 years of executive management experience in HR.  Prior to UCAR, he was the head of HR for the Shriners Hospitals system in Tampa, Florida.  His previous HR experience was in the for-profit sector with a wide range of operations from banking to agriculture to industrial distribution.  Bob is on the faculty for WorldatWork and teaches several courses on total rewards including: total rewards management, the design of performance management programs, the design of retirement plans and the design of health and welfare plans. He has a degree in physics from Villanova University.

Delaine Orendorff, SPHR, CCP, has been in the compensation field for over 15 years. She is currently the Compensation and HR Manager for UCAR.   Delaine is a past President of the Rocky Mountain Compensation Association (RMCA.)   She has a Bachelor’s Degree in Sociology from York University and a MBA in Finance and International Management from Northeastern University.  She is a member of the Beta Gamma Sigma Business Honors Society.  

Recertification Credit:  The August 2010 RMCA luncheon has been approved for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®) and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals.