Independent schools are in the ultimate people business, with up to 80% of operating budgets devoted to salaries and benefits for faculty and staff. Compensating the employees delivering your mission every day is critically important to the health and stability of your school and must be balanced with a financially sustainable system. The misalignment of your compensation system with your mission and the realities of the school's challenges and priorities may have a devastating effect on your school’s ability to attract and retain employees. It may also hinder meet your school’s ability to meet its strategic and financial goals, and to adapt in an unpredictable world.
In this workshop, NBOA subject-matter experts will review a variety of compensation models in schools and provide an overview of the challenges and rewards associated with specific systems. Case studies from several independent schools that have innovated their compensation model will illuminate possibilities. Participants will be provided with information related to the unique needs of schools and will be given guidance on the considerations each school should make when exploring, developing and implementing a new compensation system.
Recommended Audience: Heads of School, Business Officers, Human Resources Professionals, and Controllers
Field of Study: Personnel/Human Resources
Delivery Method: Group Live Based
Program Level: Basic
Advanced Preparation: None
Recommended CPE Credits: 4.2
Recommended HRCI Credits: 3.5
HRCI Category: HR (General)
SHRM PDC Credit: 3.5
SHRM BoCK: HR Expertise - Total Rewards
NBOA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
NBOA is recognized by SHRM to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). Webinars that have met SHRM's criteria to be pre-approved for recertification credit will be noted above. For more information about certification or recertification, please visit www.shrmcertification.org.
NBOA is a recognized provider of recertification credits. Webinars that have met the HR Certification Institute's criteria to be pre-approved for credit towards aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification will be noted above.