Sessions
Concurrent Session
How to Ensure the Success of Your Variable Pay Program
LVCC N255-257
Monday 06/24/2019 03:00 PM - 04:00 PM
1.00 SHRM PDCs
| Competencies: Communication, HR Expertise, Relationship Management
| Intended Audience: Mid-Level
Workplace Application:
Learn a pragmatic, structured, step-by-step process for successfully designing, implementing and communicating variable pay programs.
Evolving from a base pay environment to variable rewards is a significant cultural change for your organization, and there are a myriad of environmental, design, implementation and communication challenges that must be identified and addressed. If you're thinking about a new variable pay program but aren’t sure what to do, or if you have a plan operational but it‘s not motivating employees in the way you’d like, this presentation can help, as it offers a specific methodology to use and a series of structured steps to follow. The speaker demonstrates his pragmatic eight-step variable pay design approach, 10 criteria for success for variable pay, and variable rewards template that can be tailored for your organization.
Learning Objectives:
- The issues and challenges to address and resolve when evolving your organization from base pay to variable rewards.
- Proven tools for designing, implementing and communicating an organization-wide variable pay program: a step-by-step methodology, template, and 10 success criteria.
