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Tools and Tactics for Total Rewards: Is a compensation review in your risk management arsenal? Stephanie R. Thomas, Ph.D. Thomas Econometrics Inc. [email protected]

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Page 1: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Tools and Tactics for Total Rewards:Is a compensation review in your risk management arsenal?

Stephanie R. Thomas, Ph.D. Thomas Econometrics Inc.

[email protected]

Page 2: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 3: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 4: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 5: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 6: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 7: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Stages of the Compensation Review

Page 8: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

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Page 10: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

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Page 12: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 13: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 14: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 15: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 16: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 17: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 18: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 19: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 20: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 21: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 22: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 23: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 24: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 25: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 26: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 27: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 28: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 29: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 30: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

STATISTICAL SIGNIFICANCE

Page 31: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

PRACTICAL SIGNIFICANCE

Page 32: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

SAMPLE SIZE

Page 33: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

EXPLANATORY POWER

Page 34: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 35: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 36: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 37: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Lawyers

Page 38: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 39: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

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DOCUMENTATION DATA

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DOCUMENTATION

Compensation decision documentation

DATA

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DOCUMENTATION

Compensation decision documentation

Payroll data

DATA

Page 45: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

DOCUMENTATION

Compensation decision documentation

Pay plan summaries and descriptions

Payroll data

DATA

Page 46: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

DOCUMENTATION

Compensation decision documentation

Pay plan summaries and descriptions

Payroll data

Employee demographics

DATA

Page 47: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

DOCUMENTATION

Compensation decision documentation

Pay plan summaries and descriptions

Reasons why similar employees are paid differently

Payroll data

Employee demographics

DATA

Page 48: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

DOCUMENTATION

Compensation decision documentation

Pay plan summaries and descriptions

Reasons why similar employees are paid differently

Payroll data

Pay demographics

Employee demographics

DATA

Page 49: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Page 50: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Q&A

Page 51: Tools and Tactics for Total Rewards: Is a compensation ...web1.amchouston.com/flexshare/Extra Images from AMC... · Reasons why similar employees are paid differently Payroll data

Tools and Tactics for Total Rewards:Is a compensation review in your risk management arsenal?

Stephanie R. Thomas, Ph.D. Thomas Econometrics Inc.

[email protected]

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