Description
Establish the most appropriate pay schedule for your business.Recent labor shortages and the influx of Generation Z into the workforce have created challenges for organizations in how they pay their employees. In addition, rapid minimum wage and FLSA compliance changes have also created pressures on how centralized pay frequency programs are administered. This program will explore all of these issues and provide insights on how best to address these challenges while also providing practical examples of how organizations are responding.
Date: 2023-10-19 Start Time: End Time:
Learning Objectives
Reasons to Consider Changing Pay Frequency
• Impact on Financial Planning
• Compliance With Changing Federal and State Laws
• Better Consistency in Addressing Employee Job Changes and Meeting the Needs of a Multi-Generational Workforce
Key Questions to Consider Before Making Pay Frequency Change
• When to Make Such a Conversion
• How Are Current Compensation and Paid Time off Plans Impacted?
• Who Will Be Responsible for the Conversion?
Developing a Communication Plan
• Clarity on Whats Changing and Why
• Identify Who Needs to Know What
• Utilizing Communication Tools That Will Be Heard
Sample Program Conversion Project Plans and Communication Tools
• Actual Conversion Project Plan Including All the Steps to Be Followed
• Actual Communication Plan Used to Roll out the Conversion
• Actual Human Resource Policy to Support the Pay Frequency Change
SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Michael F. Maciekowich-Astron Solutions, LLC
