July Member Meeting: New World of Compensation: Pay and Total Rewards Impacts in the Recovery

Title:  New World of Compensation: Pay and Total Rewards Impacts in the Recovery – Member’s Link to handouts and Zoom recording

Speaker:  Matt Shefchik

Summary Blurb:  We are seeing more forces impacting pay than we have seen in the last 10 years.  What used to be an easy exercise of pay budgeting and pay setting has become clouded and the pace of pay gains is in hyperdrive.  Join Matt Shefchik, Director of Total Rewards at Carlson Dettmann/Cottingham & Butler to learn about compensation in the recovery, and impacts to other total rewards.

Learning Objectives:

o   Gain insights on why compensation philosophy and principles will always be the foundation of rewards strategy, and be comfortable in changes to your compensation practices.

o   Understand the impacts of the $15 minimum wage debate, foundation wages, supply & demand for talent, and UI benefits have on hyper-accelerating wage growth.

o   Learn the importance of pay equity in light of female-dominated job losses and criticality in the recovery.

o   Determine your remote work pay philosophy

Matt Shefchik, Director of Total Rewards with Carlson Dettmann Consulting has over 20 years in the field of compensation.  Consulting with clients on compensation and human resource management projects since 2002, his areas of concentration are employee and executive compensation, sales and incentive compensation, job evaluation, and employee engagement.  He is an expert witness on compensation matters.  In addition to his consulting experience, he was an executive officer of a human resources services firm.

He holds a bachelor’s degree from University of Wisconsin-Madison double majoring in management & human resources, and marketing.  He has the SHRM-SCP certification and is an active WorldatWork member.  He volunteers as a board member for UW Carbone Cancer Center and Waunakee Area Education Foundation.  He currently serves as a lecturer for UW-Madison Continuing Studies HR Management Program.

• Please contact EyeonEIHRA@gmail.com if you’d like to sponsor this month’s meeting