Benefits and Compensation: An Overview of Key Concerns in 2024

Every organization’s road to success is achieved through combining products and/or services with staff that are engaged and committed to delivering great quality. To attract and retain those outstanding human resources, the people who make it work, the benefits and compensation systems must be supportive. Complexity abounds in the both arenas, benefits and compensation. Regulation and laws provide guidance to organizations on what and how those wages and benefits can be provided. The material covered is not a legal review, instead an operational view from the ground level on what benefits can deliver and how compensation can be structured to give a best use of resources approach to Total Compensation

In this program, you’ll learn how to:

• Total Compensation and the components
• Benefit structures
• Compensation and Pay for Performance design
• Role of Human Resources in design, audit, deliver
• Role of managers and supervisors in administration and communication
• Sample compensation philosophy and design
• Tools to assist in evaluating the current state
• Ideas on how the relationship with vendors can be managed
• Outline for carrying out the responsibilities associated with both areas.

Who will Benefit:

• HR staff
• Owners
• Boards
• Managers
• Supervisors
• Leaders

Ask a question at the Q & A session following the live event and get advice pertaining to your situation, straight from our expert speaker.

Bob Verchota

Bob Verchota is owner and senior consultant for RPVerchota & Associates, a consulting firm providing services to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 30+ years in Human Resources senior leadership roles and teaching both undergraduate and graduate courses in Leadership and Organizational Development, Bob transitioned to using his experience and skills in consulting.

Mr. Verchota provides solutions to companies for a wide variety of HR issues including training and development, compensation, compliance, policy development, performance management, employee relations and managing change from mergers and acquisitions to project specific disruptions of the status quo.

Bob has an undergraduate degree in Business Administration, graduate degree in Healthcare Administration, and doctoral work (ABD) in Organizational Development. He is a lifetime Senior Professional in Human Resources.