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Information
How to Design a Competitive Compensation Plan - NO CE
Length: 1 Hour
Designing a competitive compensation plan is critical for attracting and retaining top talent in any insurance organization. When companies offer attractive salaries and benefits, it can help differentiate them in a crowded job market and make them more appealing to job seekers. In addition, employees who feel fairly compensated for their work are more likely to stay with their current employer, reducing the costs associated with turnover and the time and expense of recruiting, hiring, and training new employees. The goal of this class is to understand compensation trends in the insurance industry, different compensation philosophies, and using data for better decision-making.
Basic Course Information
Major Subjects- Find the Right Fit
- Increase individual productivity
- Discovering Your Strengths
Learning Objectives
- Insurance Industry Trends
- Compensation Philosophy
- Compensation Statistics & Structures
Marit Peters, President and Executive Director, IIAT
Marit is a passionate, innovative, success-oriented leader whose specialty lies in using strong relationship and business skills complimented with organizational design and strategic planning to create and sustain organizational growth and productivity. Marit believes people are the true heartbeat of every company – it’s a leader’s responsibility to understand employees’ strengths and give them the opportunity to engage and be part of the solution.
This course has no breaks
