Introduction to Pay Pool Management Presentation Slides Lesson 1: Introduction

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(No Transcript)
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Introductions
Welcome Introductions Ice Breaker Housekeeping
Course Structure Objectives
Pay Pool Process
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Agenda
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Course Objectives(1 of 2)

• After completing this course you will be able to
• List and describe the sequence and steps involved
  in the pay pool process.
• Discuss the importance of pay pool ethics and
  follow appropriate standards of conduct.
• Discuss pay pool panel roles and
  responsibilities.
• Describe various options for constructing pay
  pools and sub-pay pools.
• Explain the importance of alignment in reaching
  agreement on the levels of performance ratings.

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Course Objectives(2 of 2)

• After completing this course you will be able to
• Reconcile ratings based on performance.
• Describe the financial implications of share
  selections and paying bonuses versus salary
  increases.
• Recognize levels of performance.
• Describe the link between pay and performance.
• List the responsibilities of the advisor for each
  phase of the pay pool process.
• Create a plan of action for the advisor role.

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In Scope/Out of Scope

• This course aims to
• Describe the steps in the pay pool process.
• Increase participants awareness of process
  options and their implications.
• Provide experience in reaching agreement on
  levels of performance and on reconciling
  ratings.
• Provide advisors with the tools, guidance and
  information they need to succeed.

• It does not aim to
• Provide prescriptive guidance about managing the
  process.
• Prescribe Component- specific directions for
  determining levels of performance.
• Give a set formula for reconciling ratings.

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Ground Rules

• MORE helpful.
• Focusing on understanding pay pool concepts
• Participating in activities
• Asking questions
• Focusing on how money goes out

• LESS helpful
• Focusing on changing pay pool concepts
• Laying low
• Holding side conversations
• Focusing on how money comes in

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Parking Lot
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Questions