August Chapter Meeting
Wednesday, August 16, 2023
11:30 AM networking & announcements
12:00 PM presentation
The Cannery, 3803 Toulouse St, New Orleans, LA 70119
Managing Current Compensation Challenges
Okay, the “great resignation” is over! Or is it??? Maybe we’re just in a temporary “lull” in activity as would-be “job changers” catch a breadth. The annual inflation rate is down from a year ago, but still not good. On top of that, the Fed just increased interest rates by a quarter of a percent...AGAIN! So the economic pain many employees are feeling (i.e., what drives most people to look for another higher paying job) is still there. Add to it that recent reports say corporate profit margins are now being squeezed, employee productivity is falling, employers in mass are pushing “return-to-the-office” strategies (which is just PO-ing a whole bunch of people), and the fears of an economic recession have not gone away.
Welcome to the summer version of HR in 2023!!!
Today, attracting and retaining capable employees is the pre-eminent challenge of almost every hour of an HR professional’s every day. And as we HR folks know, “pay” is a significant factor, if not THE PRIMARY factor, behind most of these challenges. This program is intended to recognize those challenges and help HR professionals develop responsive strategies for dealing with those challenges.Speaker Bio
James T. Stodd, MS, SPHR, SHRM-SCP
JT Stodd & Associates; Baton Rouge, LA
Jim offers seasoned experience in compensation and rewards, strategic and organizational planning, as well as organizational change management. During his career he has assisted numerous client organizations build strategically-focused compensation & reward programs as well as implement the organizational architecture, structure, infrastructure, and strategic plans required to achieve their visions and goals. In addition, he has assisted other organizations with other human resource management initiatives by introducing forward thinking approaches to talent management.
During his career Jim has served as the CHRO for several prominent organizations including Carle-BroMenn Healthcare (Bloomington, IL), Our Lady of the Lake Regional Medical Center (Baton Rouge, LA), SCAN Health Plan (Long Beach, CA), and the Office of the Legislative Auditor (Baton Rouge, LA). He has also been associated with several leading consulting firms including Ernst & Young LLP, Hay Management Consultants, and First Transitions. Jim currently maintains an independent consulting practice under the umbrella of JT Stodd & Associates and has provided consulting services to a diverse mix of clients including those in the healthcare, manufacturing, technology, construction, professional services, petrochemical, finance, government, education and nonprofit sectors.
In addition to his career as a management consultant, Jim has taught classes in Organizational Leadershipand Human Resource Managementat Louisiana State University as well as served as the principal instructor for the Human Capital Management Certificate Programat the University of New Orleans. Prior to that he taught related subjects at the University of California-Irvine where he received UCI’s “2010 Distinguished Instructor” award. His educational preparation includes a B.A. in Psychology from Saint Louis University and a M.S. in Industrial/Organizational Psychology from Illinois State University. He also completed extensive post-graduate study at the Industrial Relations Center of the University of Minnesota. Jim has earned lifetime certification as a “Senior Professional in Human Resources” (SPHR) as well as certified by SHRM as a Senior Certified Professional (SHRM-SCP).
NOLA-SHRM is recognized by SHRM to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). This program has been submitted for 1 PDCs. For more information about certification or recertification, please visit shrmcertification.org.
NOLA-SHRM is a recognized provider of recertification credits. HR Certification Institute® pending approval for 1 HR (General) credit towards aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification.