Introduction to the Compensation Profession Presented to Mgmt. 461/561: Reward Systems and Performance Management. Portland State University April 12,2005.

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Presentation transcript:

Introduction to the Compensation Profession Presented to Mgmt. 461/561: Reward Systems and Performance Management. Portland State University April 12,2005 Presented by Catrinus Wallet Legacy Health System

Abstract This talk is an introduction to the Compensation profession and will examine the highly interdispilinary approach that Compensation professionals use. It also discusses the two major sources of compensation professionals (graduate Industrial/ Organization Psychology and MBA programs) and their relative advantages and disadvantages in preparing for this highly interesting and in-demand field.

Speaker Catrinus Wallet has been a HR professional for over 25 years, and has been a compensation & benefits specialist for most of those years. He is a graduate of Pepperdine University (Psychology) and received his graduate training (MS in Industrial/Organization Psychology) at Cal State University at Long Beach. He is currently Sr HR Consultant for Compensation and Benefits at Legacy Health System. Catrinus is also a board member of the Columbia-Willamette Compensation Group ( which is the Portland affiliate of the national compensation professional organization World at Work (formerly the American Compensation Association) (

Compensation Profession Accounting Finance Economics Org Behavior Management Industrial Engineering I/O Psych Motivation Theory Research Methods Statistical Analysis

Compensation Activities Job Evaluation Job Analysis & Description System Market Pricing Job Design Individual Pay Assessment Organization Research Organization Design Incentive Plan Design Performance Management Sales Comp Gainsharing Stock Options Recognition Experience Performance Peer Comparisons Job Enrichment Job Enlargement Whole Job Ranking Market Pricing Point Factor (Hay) Turnover Retention Attraction Structured Questionnaires and Interviews PAQ

Compensation Associations (National) (Portland) (Seattle)