Compensation Trends & Troubles – New (and Old) Challenges Facing Employers in 2021 and Beyond
As we enter our post pandemic recovery the ability to compensate talent faces some new and not so new challenges. The ability to identify and manage compensation issues associated with labor shortages, state labor laws, and the socio-dynamics impact of the pandemic have become more complex than ever.
In this 60 minute session we will discuss several new (and not so new trends) affecting total compensation and strategies for employers to compete in an ever changing work climate.
- Review the basics of Compensation (Base Pay, Short & Long Term Incentives) and their use in business.
- Identify trends affecting compensation such as:
- California Mandated Minimum Wage Increases
- Business Profitability and Merit Budgets
- Post Pandemic Labor Scarcity
- Remote Work
- Wage Compression
- Understand where to obtain good pay data (to make good pay decisions!)
- Discuss practical solutions and strategies of how to combat these issues to attract and retain employees using financial and non-financial incentives
David Conmy, CalSHRM District Director
David Conmy, District Director with the California State Council of SHRM (CalSHRM), is a career business and Human Resources professional whose career spans more than 30 years of experience leading HR organizations for both domestic and international companies, including owning his own compensation consulting firm. David has designed and implemented standard, sales and incentive compensation programs for many California employers whose businesses spans the U.S., Asia and Europe. He obtained his B.A. in Public Relations from San Jose State University and his M.S. in Human Resources Management from Golden Gate University. David has held the Global Professional in Human Resources (GPHR) and has been an instructor of Compensation Management at the University of California Santa Cruz.
David Conmy, SHRM-SCP
California State Council of SHRM, District Director
Barrett Business Services, Inc (BBSI)
BBSI facilitates high touch collaborative experiences that uncover opportunities and meaningful insights that enable business owners to work on their business, not in their business. BBSI helps as an owner advocate over and above providing workers compensation, payroll, risk/safety, and human resource consulting services. We truly partner with our client to inspire new ways of thinking and help support their business.
We highly encourage you to take a look at our website www.bbsi.com to see the story of a business owner’s journey and it will help shed more light as to what we do and how we do it, which now serves as a tool you can share with all your clients! We would love to look at any opportunity to help our local business owner’s reallocate their workers compensation dollars to providing more business strategies/services to allow them to focus on the core of their business.
We have more than 5,000 customer businesses in 16 states. Best of all, we are right in your backyard. The majority of all clients are within 75 miles of a BBSI branch. So we can be there need be and put a face with a name along with a supporting hand. You can reach us at 530-223-0118.
2881 Churn Creek Road, Suite A
Redding, CA 96002
This program is pending approval for 1.0 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org. Northstate SHRM is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP®.
This program is pending approval for 1.0 Units Credit Types recertification credit hours toward aPHR™, aPHRi™, PHR®,PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). HRCertification Institute’s® (www.HRCI.org) official seal confirms that Northstate SHRM meets the criteria for pre-approved recertification credits for any of HRCI’s eight credentials, including SPHR® and PHR®.