Designing Successful Variable Pay Programs For Your Organization: An Effective Step-By-Step Approach
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 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!
The participants will come away with:
1) the reasons and justifications of why many organizations all around the world are moving to comprehensive variable pay programs to help contain fixed expenses, to better recognize superior employee performance, and to truly align overall goal accomplishments with rewards;
2) a pragmatic and proven eight-step methodology for successfully designing, implementing and communicating organization-wide variable pay programs; and 3) a practical, hands-on template (based on the eight-step methodology) that they can use as a road map and guiding principles for developing variable pay programs within their organizations.
The attendees will learn a pragmatic and proven eight-step approach for successfully designing, implementing and communicating variable pay programs.
John has over 30 years of experience designing and implementing human resources programs for a wide variety of organizations in the financial services, technology, manufacturing and public sectors --- as both a practitioner and consultant. Prior to forming his own company, he was senior manager of consulting for Ernst & Young LLP and director of executive compensation for The Equitable Life Insurance Company.AN INTERNATIONALLY-ACCLAIMED MOTIVATIONAL SPEAKER, JOHN CONDUCTS NUMEROUS PRESENTATI... View Full Profile
This program has been approved for credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
Aurora Training Advantage is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.