Variable Pay: Incentives & Consequences -By Compliance Global Inc.

This interactive session on employee recognition program will explore the pros and cons of several types of variable pay plans and introduce ideas on how best to implement them.

The ultimate goal of incenting through variable pay is to improve organizational performance. However, designing the proper plan can be a daunting task. This interactive session will explore the pros and cons of several types of variable pay plans and introduce ideas on how best to implement them. We will explore the numerous types of variable pay that can be used to incent employee performance along with the danger zones that can come with each type.

WHY SHOULD YOU ATTEND

The session will conclude with a discussion of the danger zones inherent in any variable pay system and how to overcome these obstacles.

AREAS COVERED

Topics that will specifically be covered are:

Types of Variable Pay
Long vs. Short Term Incentives
How to Design a Program
Financial Considerations

LEARNING OBJECTIVES

Be able to define the 3 main types of short term incentive systems and implementation strategies for them.
Be able to define the 2 main types of long term incentive systems and implementation strategies for them.
Learn the 3 step system to be followed for successful variable pay implementation.

WHO WILL BENEFIT

HR Managers,
HR Generalists,
Small Business Owners,
General Managers

Speaker and Presenter Information

Ed Krow, SPHR, CCP, SHRM-SCP, CHCM, of TurboExecs partners with results-oriented, small and medium businesses that are struggling with chaos, such as out-of-control growth, sudden terrifying decline in revenues or profits, or people problems that are having a negative impact on the business.

He helps them put in place training, compliance and compensation systems so they avoid legal issues while offering both development opportunities and competitive packages that incentivize performance in alignment with their business goals. Ed’s clients often refer to him as their “Safety Net,” because he keeps them from falling into HR traps and eliminates HR headaches.

When he’s not working with clients, Ed can be found teaching at Millersville University or speaking at Human Resources conferences, seminars, and professional development sessions. In his free time, Ed enjoys family time, travel, golf, the outdoors and Notre Dame and Baltimore Ravens football.