pay march 2013

Get rid of those payday blues!

by Toronto Training and HR

March 2013

Contents

3-4 Introduction to Toronto Training and HR5-7 Areas to identify8-11 Pay structure decisions 12-16 Adopting global payroll systems17-18 Drill A19-20 Monitoring wage rates21-22 Base pay increases23-25 Merit increase budgets26-27 Drill B28-30 Pay trends-engineering and

manufacturing31-32 Pay trends-hospitals34-37 Pay trends-HR38-41 Pay trends-IT42-44 Pay trends-public relations45-46 Pay trends-retail47-48 Case studies49-50 Conclusion and questions

Introduction

Introduction to Toronto Training and HR

Toronto Training and HR is a specialist training and human resources consultancy headed by Timothy Holden

10 years in banking

10 years in training and human resources

Freelance practitioner since 2006

The core services provided by Toronto Training and HR are:

Training event design

Training event delivery

HR support

Services for job seekers

Areas to identify

Areas to identify 1 of 2

• What are the areas that are critical and how do I define key and critical talents?

• What is inside employees’ minds in terms of key and critical talent?

• What does the company need to do to reward these people?

• What does it take to recruit them?

Areas to identify 2 of 2

• What is the company doing relative to other peer companies?

• What does it take to be an employer of choice?

• How does the company incorporate these re-ward packages?

• What is the cost benefit?

Pay structure decisions

Pay structure decisions 1 of 3

• Developing pay levels

• Product market and labour market comparisons

• Rate ranges

• Key jobs

• Non-key jobs

• Problems created by job-based pay structures


DEVELOPING A PAY STRUCTURE

• Market survey approach

• Pay policy line

• Pay grades


THE PROCESS

• Participation

• Communication

Adopting global payroll systems

Adopting global payroll systems 1 of 4

• Do the maths

• Recognize that saving money is not the only reason

• Decide why you need to move to more global payroll system and select a vendor to meet those needs

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• Remember payroll can get complicated and a vendor may be needed to provide solutions on tricky issues

• Evaluate your existing payroll vendor or payroll software for a particular country


• Do an inventory and determine where your employees are, what type of compensation they get and what kind of equity programs you offer before devising your plan

• Don’t move too fast

• Examine the regulatory requirements of each country to determine what level of service is needed


• Plan for expansion

• Keep an eye on global vendors that outsource to other organizations

• Select an accountable firm that offers a single point of contact

Drill A

Monitoring wage rates

Monitoring wage rates

• Purchase compensation data

• Conduct competitive analyses

• Work with economic development bodies

Base pay increases

Base pay increases

• Executives

• Management

• Professional

• Office/clerical/technical

• Trades/production service

Merit increase budgets

Merit increase budgets 1 of 2

• Consumer products

• Electric and gas utilities

• Financial services

• Healthcare

• Insurance

• Manufacturing

• Media

• Oil/gas/services

• Pharmaceutical/chemical

• Professional services

Merit increase budgets 2 of 2

• Real estate/construction

• Restaurants/hospitality

• Retail/wholesale

• Technology

• Transportation and transportation services

Drill B

Pay trends-engineering and manufacturing

Pay trends-engineering and manufacturing 1 of 2

• Electrical engineer

• Engineering director

• Engineering manager

• Environment health & safety manager

• Machine operator

• Manufacturing engineer

• Mechanical engineer

• Plant manager

Pay trends-engineering and manufacturing 2 of 2

• Production technician

• Process engineer

• Quality assurance engineer

• Quality assurance manager

• Welder

Pay trends-hospitals

Pay trends-hospitals

• Chief Executive Officer

• Other executives

• Nursing

• Professional/technical

• Administration

• Support services

Pay trends-HR

Pay trends-HR 1 of 4

EXECUTIVES

• HR with labour relations

• HR without labour relations

• Compensation and benefits

• Talent management

• Labour relations

• Compensation

• Benefits

• Training and development

• Environmental, health and safety

• HRIS


NON-EXECUTIVES

• Compensation and benefits generalist/multidiscipline

• Labour relations discipline

• Organization development discipline

• Recruitment-management discipline

• Employee relations discipline

• Compensation generalist/multidiscipline


NON-EXECUTIVES

• Environmental science discipline

• Environmental, health and safety with no applicable discipline

• Safety discipline

• Equal opportunities discipline


NON-EXECUTIVES

• HRIS discipline

• Industrial hygiene discipline

• HR generalist/consultant generalist/multidiscipline

• Recruitment-professional/technical discipline

Pay trends-IT

Pay trends-IT 1 of 3

• IT Manager

• Information Architect

• Systems Architect

• Data Architect

• Project Manager

• Security Engineer

• Systems Developer

• Network Design

• MIS Manager

• Software Engineer

• Database Developer


• Database Administrator

• Applications Developer

• Business Analyst

• Client/Server Developer

• Security Analyst

• Programmer/Analyst

• Technical Writer

• QA Tester

• Network Engineer

• Web Developer/Programmer


• IT Technical Training

• Systems Administrator

• Web Administrator

• Network Manager

• Web Designer

• Technical Support

• Desktop Support Specialist

• Help Desk

• PC Technician

Pay trends-public relations

Pay trends-public relations 1 of 2

AGENCIES

• EVP

• SVP

• VP

• Account supervisor

• Senior account executive

• Account executive

Pay trends-public relations 2 of 2

CORPORATE COMMUNICATIONS

• SVP

• VP

• Director

• Manager

• Communications specialist

Pay trends-retail

Pay trends-retail

• Executive/senior management

• Middle management/seasoned professional

• Supervisory/junior professional

• Clerical/operations people

Case studies

Conclusion and questions

Conclusion and questions

Summary

Videos

Questions

pay march 2013

Business

pay trendshospitals34

pay trendshr38

pay trendsit42

pay trendsretail47

global payroll systems17

payroll software

payroll apage

base pay increases23