Gain a better understanding on how to create and implement an efficient incentive compensation plan for employees.
Congratulations, you have successfully designed a new incentive compensation program. However, you are not done yet. How do you know that your incentive pay plan is compliant with hourly staff rules? You may be creating an under-payment situation and might become liable to pay back-wages. Is your executive bonus plan creating a risk to your organization in the form of IRS mandated excise taxes? Do you have sales representatives in California? Incentive pay appears in several forms: broad-based general incentives, executive compensation and sales compensation. This topic helps you become educated on compliance topics after you have designed the plan. The material will also assist you with tools on how to design effective incentive compensation plans and how to assess current plans from both a design and compliance perspective. Recent studies cited will also share high-level statistics on the prevalence, participation rates and expenditures related to incentive compensation.
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.
Agenda
Prevalence of Incentive Compensation
- Publicly Traded Companies
- Privately Held Companies
- Nonprofit/Government Organizations
Designing Effective Incentive Compensation Plans
- 7 Best Practices
- Principles of Good Incentive Compensation Design
Staying Compliant With Incentive Pay
- Nonexempt Considerations
- BroadBased Plans
- Minimum Salary Rule
- Executive Considerations
- ForProfit Rule IRS Section 162 (m)
- Nonprofit Rule IRS Section 4960
- Sales Compensation
- HigherEducation Caveats
- Minimum Wage
- Note on California
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.
Credits
OnDemand Course
This course was last revised on November 20, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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.
Faculty
Sal DiFonzo, CCP, CBP, CSCP
Segal
- Vice president in the Phoenix office of Sibson Consulting
- Practice emphasizes all aspects of human capital, including compensation, benefits, performance management and organizational effectiveness
- Conducts regular seminars and workshops on numerous topics concerning broad-based, sales, and executive compensation
- Wrote the book, Designing Effective Incentive Compensation Plans (Amazon) and several publications related to sales compensation, broad-based plans and long-term incentive plans
- Membership information: Certified Compensation Professional (CCP), Certified Benefits Professional (CBP), Certified Sales Compensation Professional
- M.S. degree in human resource management, Purdue University; B.A. degree in economics/business and psychology, Cornell College
- Can be contacted at 602-381-4074 or [email protected]
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.
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.
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.
