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OnDemand Course

Compensation Design Tips to Attract and Motivate Employees

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.

Runtime: 96 minutes
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Why Lorman?

Over 33 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 33 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.

  • ASA 1.5
     
  • This program qualifies for 1.5 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 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

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
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More Program Information

Why Lorman?

Over 33 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405517
Published 2019
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