Please join us on February 15, 2024, for a review of the 2023/2024 Wage & Salary Report with FBA and TEA. This event is designed to help you understand the data and how to use it when making compensation decisions.
The program will consist of three parts:
Reading and understanding survey data: There are many data points to consider when making compensation decisions and certain types of information should be present in quality surveys. We will provide an overview of how to interpret and use wage & salary survey information.
Review of this year’s data: What do the survey results tell us about wages in West Michigan? What trends have we seen over the last few years? How do the trends identified help to provide projections into the coming year? Is there a difference between how FAMILY BUSINESSES pay and how NON-FAMILY BUSINESSES compensate employees?
How to apply the information: Salary information is important but applying it appropriately for your organization is crucial. We will explore a variety of approaches that can be used to establish or maintain your compensation structure.
About the Speaker:
David J. Smith V.P of Compensation Services The Employers’ Association
Dave has worked for The Employers’ Association (TEA) providing practical HR solutions promoting operational excellence to members since 1989. After serving as President for 28 years, Dave stepped down to work solely with Compensation Administration in 2019. He has developed more than 700 compensation administration plans throughout the United States that establish internal equity and external competitiveness – focusing on total compensation including benefits, stock ownership and bonus program design – to help organizations attract, retain and manage talent. Dave conducts seminars on Wage/Salary Administration and Performance Management. During the past several years David has expanded his focus to include working with Business Leadership and Non-Profit Organizations on succession, coaching/mentoring and other talent development issues.
Dave previously worked in Labor Relations and Safety (Rose Johnson Furniture Company, a Division of the La-Z-Boy Furniture Company – Grand Rapids, MI), Human Resources (C&F Stamping Company – Grand Rapids, MI), Recruitment (Amway Corporation – Ada, MI) and Operations Management (Burdick and Jackson Labs - Muskegon, MI).