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Event Details

    MVHRA Meeting - presentation: Developing Compensation Programs During Increased Minimum Wage Pressure

    Date: August 9, 2023, 11:30am – 1:00pm
    Location:
    Via ZOOM
    Event Type:
    Meeting
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    “Developing Compensation Programs During Increased Minimum Wage Pressure”

    Presented by: Tom Wardrip, Managing Director with Gallagher’s Human Resources & Compensation Consulting Practice

    Presentation Overview: During this presentation Tom 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

    Attendees of this presentation will learn:

    • How to build an overarching Compensation Philosophy
    • The basic compensation design to minimize pay equity concerns
    • Potential Strategies for updating required Minimum Wage changes

    Speaker’s Background & Experience:

    Tom Wardrip is a Managing Director with Gallagher’s Human Resources & Compensation Consulting practice. Mr. Wardrip 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.

    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.

     

    This program has been pre-approved for 1 HRCI (General) PHR/SPHR & 1 SHRM-CP/SHRM-SCP Professional Development Credit.

    “The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.”