The New Rules in Compensation- 2010/2011 Edition
2009 served as a great “wake up call” to employers. Salary freezes, pay structure freezes, reductions in pay, layoffs, bankruptcies, lowest pay increase levels in 25 years, the highest unemployment rates in over 25 years, modest inflation, deflation, and other factors have all influenced revisions to compensation programs. In 2010, we’ve seen modest recovery and reinstatement of salary programs and merit increase programs.
What’s going to happen in 2011? This presentation will address what employers need to do now to plan for 2011 changes in the marketplace, define the “new rules in compensation” and provide guidance through the “shark infested” waters. Topics will include strategic and operational guidance on items such as:
- What’s happening out there?
- What increases are forecasted for 2011?
- Is “pay for performance” myth or reality?
- How do I handle executive compensation?
- Are stock options coming back?
- Do variable pay plans work?
- How do I know what the market is?
- Are job evaluation systems dead?
- Legislation on the horizon that may require plan changes
Presentation objectives:
- Why developing a compensation philosophy is important
- Why current compensation programs won’t be effective
- Creating new compensation programs that work
- Understanding the “new rules in compensation”
 Speaker: Larry Morgan, Orion HR Group, LLC
Larry.morgan@orionhr.com
Larry Morgan has a BA from Augsburg College and an M.A. in Industrial Relations from the University of Minnesota. He holds the Senior Professional and Global Professional in Human Resources (SPHR and GPHR) designations and has over 25 years of HR experience with a broad range of industries including consulting, retail, high tech, manufacturing, transportation, insurance, financial services, public sector and not for profit organizations.
Larry is the owner of Orion HR Group, LLC, an independent consulting organization specializing in the alignment of compensation and benefit programs with business strategies.
Larry has worked for a variety of organizations in lead Compensation and/or Benefit roles including Best Buy, Lawson Software, HB Fuller, JD Edwards, Grant Thornton public accounting where he served as national practice leader for Compensation Consulting, CUNA Mutual Group Insurance and National Car Rental
Larry teaches a variety of courses for the University of Minnesota including the SHRM PHR, SPHR and GPHR exam preparation, compensation strategy, total rewards strategy, employee benefits, job descriptions / analysis and HR Technology. He is also a community faculty member with Metropolitan State University and St. Mary’s University where he teaches HR Management, compensation and benefits curriculum. In addition, he teaches for the International Foundation of Employee Benefits organization in compensation and executive compensation courses, the Minnesota Society of CPA’s, the Twin Cities Human Resource Association on a variety of HR issues, and also instructs internationally for the Society of HR Management.
He served on the Board of the Twin Cities Compensation Network (TCCN), where he was the President in 2005 and is currently serving on the Board of the Minnesota Human Resource Planning Society (now Human Resources Executive Forum). Larry is also an active member of the Human Resource Professionals of Minnesota organization.
Larry regularly presents at local, regional and national HR conferences including World at Work, TCCN, HRP, State SHRM and other conferences.
He has been featured in a cover article in American Compensation Association News and quoted in HR Magazine, Upsize Magazine, St. Paul Pioneer Press, Employee Benefits Planner Magazine, Minnesota Society of CPA’s Magazine and Business Week magazine.
Approved for one hour of HRCI General CE credit
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