Presenting Sponsor:
Speaker: Tom Wardrip
Managing Director with Gallagher’s Human Resources & Compensation Consulting practice.
Managing Director
Chicago, IL
224-399-4577
Tom_Wardrip@ajg.com
Date: Thursday March 14th, 2024
Time: 8am (7:45 Announcements)
Location: Via Zoom, link will be sent upon registration
Title of Presentation
Developing Compensation Programs During Increased Minimum Wage Pressure While Maintaining Pay Equity
Summary of Presentation
Presentation will help attendees to design a Compensation Philosophy and apply it through Compensation Program Design. Minimum Wage Movement can have lasting implications on the Organization and must be modeled and analyzed to achieve meaningful results.
Learning Objectives
Participants should gain an increased awareness and understanding of:
(1) Understand basic compensation design to minimize pay equity concerns.
(2) Building an overarching Compensation Philosophy
(3) Understand Potential Strategies for updating required Minimum Wage changes.
**At the end of each EIHRA Membership meeting, our goal would be to send the presentation to all registered members. Please let us know if you are not in agreement with this.
Speaker Biography
Tom Wardrip is a Managing Director with Gallagher’s Human Resources & Compensation Consulting practice. Tom has comprehensive management experience in the service and health care managed services industries, and has extensive experience working with complex system integrations and multi-hospital organizations.
During his time in the service industry, Tom was a part of growth organizations and participated in the rollout and management of new locations where his focus was hiring, training, and process improvement. His time in the managed services industry continued his focus as a turnaround specialist as he managed customer retention, contract negotiation, service improvement, training and development, hiring, and profitability enhancements.
Additionally, Tom specializes in compression analysis that focuses on equity in pay systems. Tom has presented on Developing Compensation Programs During Increased Minimum Wage Pressure, and has authored whitepapers on the topic.
In addition to a strong background in compensation, Tom works with clients on disparate impact analysis, FLSA audits, job evaluation, workforce planning, performance management, rewards and recognition, and a variety of other human resources topics.
Tom has provided compensation expertise in industries such as health care, financial services, life sciences, credit unions, social services, and waste management. Recently, Tom has successful completed projects for Tufts, Rush University Medical Center, and Peninsula Regional Health System.
Throughout his consulting career, his attention to detail, analytic approach, and vast industry knowledge has been an asset to the organization and provided clients with strategic solutions to meet their business objectives.
Tom received his bachelor’s degree from Purdue University in Hospitality Management and his Master’s in Business Administration with a concentration in Health Sector and Entrepreneurship from DePaul University. Tom is certified as a Certified Compensation Professional (CCP) by WorldatWork.
**At the end of each EIHRA Membership meeting, our goal would be to send the presentation to all registered members. Please let us know if you are not in agreement with this.