COURSE DESCRIPTION: Does your company's incentive compensation program actually boost performance? Are you sure?
Fact is, many commonly used plans DO NOT deliver the results intended. Instead of driving performance, they lead to a sense of employee entitlement and complacency that can crush the bottom line.
That leads to the obvious question: How can CFO's and finance executives be sure that their incentive compensation plans generate the results they actually want … without breaking the bank?
Most bonus and incentive programs suffer from fundamental problems and missed opportunities. The good news is that these mistakes can easily be corrected.
In this audio conference, performance management and incentive compensation expert Ed Rataj will explain how to improve performance and save money. He'll highlight the common problems in most incentive plans; show how organizations have overcome these problems; and provide case examples to illustrate the principles in action.
Participants will learn how to:
- Focus on the three key factors; eligibility, funding and allocation
- Match performance measures with corporate objectives
- Identify market competitive performance targets and align with market competitive rewards
- Cascade corporate objectives throughout the organization
- Switch from activity based rewards to results based rewards
- Deliver employee communication through various reporting methods
- Budget for incentive pay considering all the variables
- Manage the balance between compensation and investor rewards
ABOUT THE SPEAKER: Edward R. Rataj, CCP is the Managing Director of Compensation Consulting in the Human Capital Advisory Services practice of CBIZ Business Solutions of St. Louis, Inc. He has over twelve years of experience in the area of human resources, focusing on designing innovative compensation programs.
Mr. Rataj is a certified Compensation Professional (CCP), currently serves as the President of the St. Louis Compensation and Benefits Network (CBN) and is a member of WorldatWork (formerly known as the American Compensation Association).
MONEY-BACK GUARANTEE: We're so confident you'll get what you want out of this conference that we'll refund your full fee if you're not satisfied. It's risk-free.
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