Human Resources: Pay Strategy

Having a solid, intentional pay strategy for your organization has never been more important. Author Lynne Prescott discusses the impact pay has on your organization and employees and shares ways to create a pay strategy that meets your organization’s unique needs. You can also hear about three key considerations when designing your strategy that will help attract and retain talent. Finally, Lynne offers practical methods you can implement to support the pay strategy approval process and ensure your pay strategy is successful.

Topics include:
- Identify the components of an effective pay strategy for recruiting and keeping top talent.
- Define terminology used in the HR field regarding pay strategy.
- Describe ways to attract and keep talent in a tightening labor market.
- Review the uses of performance rating systems in the current job market.
- Explain how organizational pay strategies are evaluated.