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Compensation Design Tips to Attract and Motivate Employees - Webinar

  • ID: 4760396
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Get a roadmap for designing pay plans that both align with your companys mission and get results.

Is it difficult to find and keep high-performing talent? Pay is a necessary element in the work environment but many companies fail to design compensation plans that attract and motivate employees. The end result is that companies often overpay for the amount of employee satisfaction and performance that is delivered. Learn the critical factors that are necessary to obtain the high performing employees to drive business success. This topic will show you how to align your companys employee value proposition with your pay strategy to maximize worker engagement in their role. Learn how to craft the cutting edge pay program that your company needs to better compete in the marketplace.

Learning Objectives
  • You will be able to recognize how to attract and retain the talent you need achieve business success.
  • You will be able to discuss how to align your employee value proposition to maximize employee motivation and engagement.
  • You will be able to explain how to design a compensation plan that best fits your company.
  • You will be able to identify internal and external influences.
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Understanding the Role of Pay in the Design Process
  • Alignment With Company Goals and Pay Philosophy
  • Fixed Pay Objectives
  • Short-Term Incentive Goals
  • Long-Term Incentive Goals
Attracting and Motivating the Workforce
  • The Employee Value Proposition
  • Intrinsic and Extrinsic Motivation
Pay Design That Fits Your Company
  • Diagnosis of Internal and External Influences
  • - Talent Strategy and Infrastructure
  • - Talent Demographics and Culture
  • - Pay Program Gap Analysis
  • - Geographic and Cultural Practices
  • Pay Design Factors
  • - Assigning Meaningful Metrics
  • - Plan Modeling and Planning for Transition
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Sam Reeve, CCP, GRP - CompTeam, LLC
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This webinar is designed for human resource managers, benefits professionals, controllers, accountants, finance managers, presidents, vice presidents, payroll managers, business managers and office managers.
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Order Online - visit: https://www.researchandmarkets.com/reports/4760396