Get a roadmap for designing pay plans that both align with your company's 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 company's 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.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
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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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 7, 2019.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Sam Reeve, CCP, GRP
CompTeam, LLC
- Head president of CompTeam, LLC
- Core focus is leading companies through transformational change by optimizing talent initiatives with reward programs to achieve long-term strategic objectives
- Diverse experience includes the design and optimization of performance driven variable compensation plans for executive, sales and core employee populations of growing companies
- Prior to joining the CompTeam, he worked in compensation functions of notable firms such as BlackRock, McKesson and Automatic Data Processing (ADP)
- Global Certified Compensation Consultant (CCP, GRP) with over 15 years of experience in total reward strategies
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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