Market Areas > Human Resources > Controlling Compensation

Maximizing Compensation Dollars in Today’s Economy: Key Techniques to Curb Company Spending

Course Description:

From layoffs to hiring freezes, shorter work weeks to salary cuts, and mandatory furloughs to reductions in benefits, companies around the globe are searching for ways to reduce costs as the economic downturn continues.

But how are you to know which tactics are best for your company?  Will the decisions you make reduce turnover and encourage company loyalty?  Or will they contribute to decreases in morale and lack of productivity?

In this environment it's important to avoid taking steps which reduce costs in the short-term but cripple your company’s ability to recover and prosper in the longer-term.

In this critical CCM audio conference, you'll learn key techniques and best practice solutions to:

• confirm your long term compensation philosophy, while
• identifying the compensation options and tactics that address your short term needs and constraints.

By the end of this interactive session, you'll also learn:

• The importance of a compensation philosophy and the process for either developing or affirming one.
• An approach for using compensation philosophy to guide the shorter term reward decisions and tactics necessary in this environment.
• The different categories of compensation, both cash and non-cash, and the relative role and importance of each one.
• Guidelines for assessing overall reward expenditures against your compensation philosophy.
• Why competitive market pricing will remain important.
• Best practices for designing cash and non-cash incentives in a troubled economy.
  

Featured Faculty:

Ann Bares, Managing Partner, Altura Consulting Group, LLC

Ann Bares is Managing Partner of Altura Consulting Group, LLC.  She has over 20 years of experience consulting in the areas of compensation and performance management.  Through her consulting practice, Ann works with a wide range of client organizations in auditing, designing and implementing executive compensation plans, base salary structures, incentive compensation programs, sales compensation plans, and performance management systems. 

Ann received her B.A. from The College of St. Catherine and her M.B.A. from the J.L. Kellogg School of Management at Northwestern University.  Ann is a frequent speaker to industry and professional groups, an active member of WorldatWork and the Twin Cities Compensation Network, and has served as an instructor for the University of Minnesota and has adjunct faculty at Concordia University. 

Ann is author of Compensation Force, one of the web’s most recognized compensation blogs, and founder/editor of Compensation Café, a multi-contributor blog on compensation topics.

Paul Hebert, Managing Director, I2I

Paul Hebert is the Managing Director of I2I and is widely considered an expert on motivation and incentives and authors the highly rated blog Incentive Intelligence.  Paul's back ground includes over 20 years at the largest incentive company in the country, Director of Marketing at a branding and corporate identity firm and used his BS in Quantitative Business Analysis while working with Rockwell International on the Space Shuttle and B1 Bomber.  Paul has been quoted in USATODAY as an industry expert, has published whitepapers and articles for HRM Magazine, is a contributing author on the Fistful Of Talent blog, is a monthly columnist for Incentive Magazine and contributed to the premier issue of the magazine Loyalty 360.

I2I is an influence consultancy that helps companies align the behavior of their employees, channel partners and consumers with the goals and objectives of the company.  Using a combination of motivation theory, behavioral economics and social psychology, I2I can have profound impact on a company’s results.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Unable to Attend?  Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

HRCI - Receive 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org.

Each CCM event presents a variety of information and is presented for each organization to develop its own approach and methodology.