Market Areas > Human Resources > Variable Pay

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Maximize Variable Pay to Boost Performance in a Down Economy

Course Description:

Did you know 47 percent of US private sector employees have had part of their compensation tied to their company’s profitability or stock price?  In fact, if you include stock options, deferred stock, profit sharing or cash bonuses, that’s nearly half of 114 million employees.

When the market was rising, employees and managers alike were happy, because they were motivated to help the company do well.  In today’s struggling economy, rewards like these are less appealing and often ineffectual. 

So, why dish out equal merit increases or performance bonuses when it’s just more cost-efficient to single-out your best workers?

Join CCM in this timely audio conference to learn best practices and key strategies on how your organization can hand out greater rewards to deserving employees while minimizing costs and enhancing organizational performance. 

In just 75 minutes, our expert faculty will provide you with the tools to:

• Determine if a variable pay plan will benefit your organization and focus employee attention on the achievement of the organization's goals
• Identify if more than one plan is needed based on employee groups
• Involve the entire organization in the process to ensure buy-in
• Target specific job functions that make sense
• Effectively demonstrate the merits of a variable pay program to your employees
• Evaluate employee performance before and after implementing a variable pay system
• Avoid common problems some employers face when switching pay systems
• Develop processes for valuing the plan cost during the year
• Create a comprehensive employee communications plan with dates and materials
  

Featured Faculty:

Mark M. Reilly, Partner, Chicago Office

Mark Reilly is an expert on executive compensation, incentive plan design and performance measurement who has consulted with top executives and boards for 15 years. Mark provides consulting services to a wide variety of industries from start-up companies to the Fortune 500 with special emphasis on private companies, health care, manufacturing, high-technology, retail, financial services, professional services and large conglomerates. Mark worked as an executive compensation consultant for Sibson & Co, the Hay Group and F.W. Cook & Co.

Mark holds a bachelor's degree in finance and economics from Boston College and a master's degree in business with a concentration in finance and marketing from the Kellogg Graduate School of Management at Northwestern University. Mark has written for the Journal of Compensation and Benefits, spoken before many different organizations and been quoted in various business publications. He is former president of the Phoenix Society, a mental health organization, and a member of the executive committee of Loyola University's Stritch School of Medicine.

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.