Originally presented on June 8, 2009
10:30 a.m. to Noon (Pacific)

Order Option       Price   CD Recording Only       $219

Times are tough. We all know that. Many employers are implementing painful yet unsurprising layoffs, but increasing numbers are going where few have dared to tread in the past: cutting employees' pay.

According to a recent Wall Street Journal report, publisher A.H. Belo Corp. and the Atlanta Symphony Orchestra have instituted pay cuts of as much as 15 percent. Other employers, including Winnebago Industries and Hewlett-Packard, have announced cuts to senior managers' salaries, while others have opted for salary cuts across the board or on a tiered basis.

Should you be considering such a move? While many employees might prefer less pay to no pay as the result of a layoff, there are serious morale and legal compliance issues to consider. Don't make a move before joining us for an important audio conference on June 8, specifically for California employers, all about the pros, cons, and pitfalls to watch out for.

Our experts—seasoned California-based compensation consultants—will explain:

• The data you must collect to determine if a pay cut is the best option for your organization
• Legal issues to consider with exempt and non-exempt employees
• How to decide how big a cut you should make
• Whether your cut should be limited to executive-level employees, made across the board, or on a tiered basis
• The pros and cons of voluntary pay cuts
• The types of incentives you should consider offering when a pay cut is necessary
• Whether a salary freeze is a viable alternative to pay cuts—or just a temporary fix
• When and how to communicate pay cuts to your workforce

About Your Speakers:

Brandon Cherry is a founding Principal with San Francisco-based Presidio Pay Advisors, where he assists clients with the design and implementation of cash incentives, equity-based incentives, group incentives and executive pay strategies. He helps senior management and compensation committees define their total compensation strategies and deliver competitive compensation packages to employees and executives in various industries including semiconductor, software, biotech and financial services. Cherry is also an instructor for the Northern California Human Resource Association's continuing education program, currently teaching "Introduction to Annual Incentive Plan Design," and is a contributor to WorkSpan magazine.

Brooke Green is a founding Principal with San Francisco-based Presidio Pay Advisors, where she provides consulting advice and implementation assistance to clients with compensation support needs. Her particular focus is on the design, communication, and execution of broad-based compensation programs within public, private and nonprofit organizations. She is an instructor for the Northern California Human Resource Association's continuing education program, currently teaching "Designing and Managing Salary Structures" and "Demystifying Executive Compensation."

This program has been approved for 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). This program is also a California-specific continuing education activity for PHR-CA and SPHR-CA recertification. For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI's criteria to be pre-approved for recertification credit.

Bonus Offer

As an additional benefit, you will receive a no-risk trial subscription to California Employer Advisor when you register for this Audio Conference (or purchase a CD recording). You will receive 3 evaluation issues. If you want to continue to receive the newsletter, simply pay the invoice you will receive in the mail. If you decide the newsletter isn't for you, just write cancel on the invoice and return it. You will owe nothing, and all issues you receive are yours to keep. As with all ERI products, your satisfaction is guaranteed 100%. (Offer good for new subscribers only.)

How Do Audio Conferences Work?

An Audio Conference is remarkably cost-effective and convenient. You participate from your office using a regular telephone. You have no travel costs and no out-of-office time.

Plus, for one low price you can get as many people in your office to participate as you can fit around a speakerphone.

Because the conference is live, you can ask the speakers questions' either on the phone or via e-mail.

With your registration, you also receive conference materials with additional practical information from Employer Resource Institute sent to you via e-mail shortly before the conference.

Why You Can Sign Up To Attend This Event with Confidence

As with all Employer Resource Institute products, you're completely protected. If for any reason you are unsatisfied with this Audio Conference, simply let us know and we will return your entire registration fee.