Overview:
Without a doubt, variable pay programs are truly the global trend. Organizations everywhere are wrestling with the major cost issue of containing fixed base salary expenses, in addition to designing compensation reward programs that more directly align employee goal accomplishments with their pay.
One solution is to move performance pay out of base salaries and into variable cash rewards. To do this successfully requires a systematic, step-by-step approach that comprehensively addresses all of issues and challenges inherent in variable pay design and implementation.
In his informative presentation, John Rubino will demonstrate a proven eight-step approach, which can work in any organization, to help ensure the successful design and implementation of variable pay programs: from assessing organizational culture all the way through to determining specific lump sum pay-outs. Come with your questions...and learn the state-of-the-art programs for rewarding employee performance!
Areas Covered in this Training:
The participants will come away with:
-The reasons and justifications of why many organizations all around the world are moving to comprehensive variable pay programs to help contain fixed expenses, to better recognize superior employee performance, and to truly align overall goal accomplishments with rewards;
-A pragmatic and proven eight-step methodology for successfully designing, implementing and communicating organization-wide variable pay programs; and
-A practical, hands-on template (based on the eight-step methodology) that they can use as a road map and guiding principles for developing variable pay programs within their organizations.
-Workplace Application – The attendees will learn a pragmatic and proven eight-step approach for successfully designing, implementing and communicating variable pay programs.
Duration: 90 Minutes
Suggested Attendees:
-Chief Executive Officers
-Chief Operation Officers
-Human Resources Directors
-Talent Management Managers
-Compensation Directors
-Total Reward Professions
-Compensation Directors, Managers and Analysts
You may ask your Question directly to our expert during the Q&A session
John Rubino
John A. Rubino, SHRM-SCP, CCP, CBP, GRP, WLCP, is founder and president of Rubino Consulting Services, a global human resources consulting company based in Pound Ridge, New York. His areas of expertise cover all areas of Human Resources program design. An internationally-acclaimed speaker for SHRM and WorldatWork, John is the author of numerous human resources articles, and is frequently quoted in professional publications. He holds BA and MBA degrees, as well as a lifetime Achievement Award from WorldatWork. John works with a wide variety of organizations and his consulting practice takes him all around the world; in fact, he has visited more than one hundred countries!
Standeagle is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please portal.shrm.org.
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