Pay For Performance: Strategies To Develop A Successful Program

with
Bob Verchota
Live Session
$129.00
  • June 10, 2021, 3:00 pm   EST
Training Includes:
  • 1.0 HRCI, 1.0 SHRM
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

We will help you sort through your compensation questions and outline how to develop a program that rewards successful outcomes. You will learn how to adapt your compensation plan to attract capable candidates and retain productive employees.

What You'll Learn

  • What is the philosophy of your compensation system?
  • How can you link compensation to performance management?
  • How can you define market-competitive pay?
  • What is the definition of total compensation?
  • What variable pay options can you use?
  • How should you assess and audit your current system?
  • What roles should managers, employees, and HR play?
  • How do COLA and P4P approaches compare?
When:
Thursday, June 10, 2021; 3:00 PM Eastern
Scheduled for 60 minutes including question and answer period.

Training Overview

Pay your employees for performance. Drive your team to achieve results.

Your compensation system should achieve specific results for recruiting, retaining, and engaging the workforce. Variation between job groupings or classifications is possible and even desirable. Pay for Performance (P4P) can help.

By aligning your compensation system with the market, technology, and environment, you can eliminate complaints and improve organizational performance.

  • What is the philosophy of your compensation system?
  • How can you link compensation to performance management?
  • How can you define market-competitive pay?
  • What is the definition of total compensation?
  • What variable pay options can you use?
  • How should you assess and audit your current system?
  • What roles should managers, employees, and HR play?
  • How do COLA and P4P approaches compare?

Who Should Attend?

  • Human resources professionals
  • Compensation staff
  • Business owners
  • Plant managers
  • Finance professionals
  • Operations managers
  • Board members

 

Expert Presenter

Bob Verchota

  • Owner and senior consultant for RPVerchota & Associates, providing services to align businesses and employees through successful outcomes and excellent work environments
  • 30+ years in human resources senior leadership
  • 15 years in business operations
  • Taught undergraduate and graduate courses in leadership and organizational development
  • Lifetime Senior Professional in Human Resources
  • Undergraduate degree in business administration
  • Graduate degree in healthcare administration
  • Doctoral work (ABD) in organizational development

Credits

  • This program has been approved for 1.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
  • This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP.

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