COMPENSATION AND BENEFITS

Compensation and Benefits

Business Challenge

Is it time to redo your benefits?

In a sluggish economy, compensation system gets a new focus by rewarding star performers more than the rest of the pack. In this seminar we look at how an organization develops a motivating and rewarding incentive plan. Despite the widespread use of incentive pay, there is limited evidence about what factors influence its organization-wide, broad-based application. Research in incentives has focused on performance measures and pay-performance sensitivities but has largely ignored the “performance standard,” which generates important incentives whenever plan participants can influence the standard-setting process.

Get ahead of your profession and know the latest trends in compensation and benefit planning. Is it worth it to win the talent war?

Learning Objective

Attending this seminar will ensure that you:

Explore the art of developing your compensation plan
Learn the new trends in incentive planning
Gain an insight on how your compensation plan affects your employees
Find the easiest, most practical ways to win in the talent war
Uncover the best formulas for creating team based incentives

Target Audience

This seminar will be useful to:

HR practitioners
Administrative officers involved in compensation planning
Entrepreneurs who would like to know how to manage employee benefits

Content

Topics covered will include:

Compensation Planning – The key to profitability
Analyzing Compensation Data – Know if there are patterns of discrimination in the workforce
Compensation Plans
Organizational Pay Mix
Recent Trends in Incentive Pay – An Overview
Performance Standards in Incentive Contracts
Performance Based Pay