Posts Tagged ‘2016 Compensation & Benefits Conference’

Learning the Best Practices for Total Rewards in 2017

Thursday, September 22nd, 2016

Nearly 250 North Carolina HR professionals and executives attended CAI’s 2016 Compensation & Benefits Conference on September 15 and 16. Conference participants were eager to interact with one another and hear the latest on engaging and retaining top talent in this challenging economy.

Our three keynote speakers: Kerry Chou, of WorldatWork, Michael Patrick, of Willis Towers Watson’s Atlanta Talent & Rewards Practice, and CAI’s very own Molly Hegeman broke down ways to evaluate existing total rewards strategies using current trend information and insight from survey data. img_0076Employee engagement and success rate were a common trend shared by all speakers.

In Performance Management 101, Kerry Chou discussed the three questions an employer needs to ask themselves about an employee for the employee to be successful:

  • Is the employee CAPABLE of doing the job?
  • Does the employee have the TOOLS to do the job?
  • Does the employee PERFORM?

Michael Patrick stated only four in ten employees globally are highly engaged. In order to optimize employee engagement, employees need to be capable, have the tools and resources readily available to them and have the performance rate their employers want. “Know your Market Position,” Molly Hegeman, VP of HR Services at CAI stated, what is your philosophy? Are you going to be a market leader, match the market or lag behind? Molly suggests determining your market position by looking at the external and internal values.

In addition to the keynote sessions, conference participants chose from 9 breakout sessions from creating salary structures, managing costs related to the ACA, transforming performance management and using culture as a competitive advantage. Jay Burchfield from Teamphoria shared that companies with engaged employees outperform their competition by 202%, yet one negative employee with a bad attitude can affect four or more employees around them. Employers need to strive to make their employees feel excited about their work. Rebecca Bottorff, Bandwidth, stated, “We should be rewarding people more often.” Reward your employees with what matters to them – and that will vary from person to person. Companies should be conducting quarterly reviews, and providing employees with on-going feedback from their managers. This will help both the employee and the manager keep the lines of communication open.

As expected, our interactive panel session featuring CAI’s experts fielded many questions on the hot topic of implementing the new overtime rule. The experts cautioned employers to not wait until December, to take this time to understand those potentially impacted positions. For example, if a position is currently below the threshold of $47,476, and that employee works very little overtime, then raising them to the exempt level may cost you more in the long run. There are many different situations depending on the employer, number, and type of employees. You’ll want to choose the option that works best for your employees and your company.

Trying to plan for implementation of the new rule can get overwhelming quickly. Learn more about how CAI can help you with implementing the Overtime Rule.

Have you registered for CAI’s 2016 Compensation & Benefits Conference?

Tuesday, August 2nd, 2016

Get ready for the 2016 Compensation & Benefits Conference! Top speakers will share their valuable industry insight to make your organization stand out from the crowd. You’ll learn cutting-edge techniques to reward, engage and retain top talent in a challenging economy.C&B Save the Date Blog

Join us for the 2016 Compensation & Benefits Conference on September 15th and September 16th at the McKimmon Center in Raleigh to receive practical solutions to some of your biggest HR challenges. With 11+ speakers and 2 panel sessions, this conference will equip you with the facts, insights and tools needed to translate current data and trends into a realistic action plan.

Four keynote presentations:

2016 Labor Market Trends: Considerations for Pay and Performance

Kerry Chou – WorldatWork

Attracting, Retaining and Engaging Top Talent

Michael Patrick – Willis Towers Watson’s Atlanta Talent & Rewards Practice

Leverage Marketplace Trends for Total Reward Strategy Decisions

Molly G. Hegeman – CAI

New FLSA Regulations: What Employers are doing to Adopt the Changes

CAI’s George Ports, Emily Hinesley and Cynthia Daniel

Choose from 9 interactive breakout sessions led by local Compensation & Benefits experts. Some of the topics include:

ACA: We Came, We Saw, We Conquered – Shifting Focus to Cost Control

Skip Woody – Hill, Chesson & Woody

Creating a Salary Structure: 101

Jennifer Solomonson – The Employers Association

Creating a Salary Structure: Advanced Application

Jennifer Solomonson – The Employers Association

Hot Topics in Wage and Hour Law

Amie Flowers Carmack – Morningstar Law Group

How to Get Employees on Track for Retirement

Jake Connors – Compass Financial Partners

An Internal Perspective on Market Analysis

CAI Member Panel

Join the 250 North Carolina business and HR professionals responsible for compensation and benefits plans and strategies at this amazing Conference!

Register today!