Designing Successful Variable Pay Programs For Your Organization

Without a doubt, variable pay programs are truly the global trend. Organizations everywhere are wrestling with the major cost issue of containing fixed base salary expenses, in addition to designing compensation reward programs that more directly align employee goal accomplishments with their pay. One solution is to move performance pay out of base salaries and into variable cash rewards.

To do this successfully requires a systematic, step-by-step approach that comprehensively addresses all of the issues and challenges inherent in variable pay design and implementation. In his informative and interactive presentation, John Rubino will demonstrate a proven eight-step approach that can work in any organization, to help ensure the successful design and implementation of variable pay programs: from assessing organizational culture all the way through to determining specific lump sum payouts. Come with your questions and learn the state-of-the-art programs for rewarding employee performance!

• Understand the reasons and justifications for why many organizations worldwide are moving to comprehensive variable pay programs to help contain fixed expenses, better recognize superior employee performance, and truly align overall goal accomplishments with rewards.
• Learn a pragmatic and proven eight-step methodology for successfully designing, implementing, and communicating organization-wide variable pay programs.
• Gain a practical, hands-on template (based on the eight-step methodology) that can serve as a road map and guiding principles for developing variable pay programs within your organization.

The attendees will learn a pragmatic and proven eight-step approach for successfully designing, implementing, and communicating variable pay programs.