Course Description:

This Salary Planning Process course is designed to provide managers with an understanding and working knowledge of the salary planning process. It discusses salary ranges, job families, job levels, cash and non-cash based compensation, types of raises, needed math calculations, and the annual salary planning process.

This class is a component of the IT Management and Leadership Professional Certification. (ITMLE^©)

Course Objectives:

Upon completion of the Salary Planning Process course, students will be able to:

• Effectively manage the IT salary budget
• Motivate IT staff through effective salary management
• Effectively plan for changes in IT affecting salaries of staff
• Understand types and components of IT salaries 

Audience:

• IT professionals who wish to work toward a formal certification
• IT individual contributors with career goals in supervising/management/senior leadership
• IT team leads or soon-to-be team leads
• IT supervisors or soon-to-be supervisors
• Newer IT managers or soon-to-be managers
• Experienced IT managers desiring a reputation for superior “technical people” management skills and to build their “brand 

Prerequisites:

• none 

Duration:

   ½ day, full day and customized full-day formats available.

Course Topics:

      I.          What is Salary Planning?

a.    Salary ranges, salary surveys

b.    Salary range quartiles, job families, and job levels

c.    Parity pay among peers

d.    Exempt vs. non-exempt job types

e.    Base pay components

f.     Non-base salary compensation

g.    Advanced types of compensation

h.    Types of pay raise

    II.          The Salary Planning Process

a.    Overview of the annual review process

b.    Relationship with performance reviews, budgeting and other company processes

   III.          Salary Planning Mathematics

a.    Mathematical concepts and formulas such as annualized raises

b.    The issues with percent-based raises when employees have a wide range of compensation

c.    The psychological advantages of rounding up to threshold dollar amounts, like $100,000

  IV.          Food For Thought

a.    An employee is eligible for a 3% raise to $59,750. Do you round up to $60,000? Why?

b.    You have three people in your group doing the same job. One of them makes less than the other two. Do you give the lower paid employee a salary adjustment to assure pay parity?