Show navigation

Available in:

OnDemand Webinar

Post-Recession Compensation Strategies

The impact of the recent economic crisis was far-reaching - many companies were forced to suspend compensation actions because funding was limited or non-existent. It appears that we have weathered this storm and are seeing some light at the end of the tunnel, and now the focus shifts to returning to existing compensation processes. But are these current compensation programs appropriate now given the recent economic challenges? Many companies are beginning to rethink their processes in order to better align themselves with market conditions and the need to mitigate risks, especially with companies in the financial services community.

This OnDemand Webinar will highlight the recent changes to compensation that companies have experienced within the past three years, and what the current climate reflects relative to compensation. This program will identify the steps a company should take to examine their current compensation programs in order to identify what works, and what needs to change, in light of the recent challenges. In addition, we will highlight a variety of pay-for-performance plans that are useful to refocus employee attention on strategic goals and success. Lastly, since pay-for-performance continues to be a goal many companies strive towards, the session will cover the importance of a sound performance evaluation process and its correlation to both company and individual success.


Runtime: 96 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 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

The Changing Economic Climate and Compensation

  • Before and After
  • Recovery and Its Impact on Compensation Plans
  • The Job Outlook - Hiring Trends
  • What Companies Are Now Doing Relative to Compensation

Realignment

  • Conducting a Strategic Compensation Assessment of Existing Plans
  • Identifying Changes to the Compensation Philosophy
  • Gauging Current Market Conditions on Pay
  • Identifying Strengths and Weaknesses
  • Effecting Change to Plans and Processes
  • Considering Best Practices
  • Implementing Changes and Identifying Transitional Plans

Pay-For-Performance Plans

  • Using a Merit-Based Pay Program to Motivate Performance
  • Differentiating Pay Increases Based on Performance
  • How to Utilize a Limited Budget for Performance-Based Pay
  • Why Non-Cash Rewards Are Significant
  • Using Variable Compensation to Motivate Performance Towards Strategic Growth

Performance Management

  • Why an Effective System Is Still Important
  • Using Performance Evaluations and Goal-Setting Processes to Determine Pay Actions
  • Why On-Going Coaching and Feedback Is Essential for Fostering Success
Purchase Options

More Program Information

Why Lorman?

Over 32 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 Webinar

This course was last revised on September 13, 2011.

Call 1-866-352-9540 for further credit information.

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

Purchase Options

More Program Information

Why Lorman?

Over 32 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

Harry J. Schum

Harry J. Schum

Compensation Resources, Inc.

  • Senior consultant with Compensation Resources, Inc.
  • More than 30 years of compensation and human resources experience in both the consulting and corporate environments over several industries and business entities
  • Areas of expertise include executive compensation, variable pay, incentive strategies and human resource planning and program implementation
  • Works individually with senior management in transition to identify negotiating positions for potential career change opportunities
  • Member of the Society for Human Resource Management and WorldatWork
  • M.B.A. degree in organizational behavior, Iona College‚Äôs Hagan School of Business
  • B.A. degree in mathematics, Fordham University
  • Can be contacted at [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 32 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.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 387635
Published 2011
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!