In a challenged economy, companies are looking for ways to reduce spending and increase efficiency. Often when companies cut back on budgets, they risk negatively impacting talent motivation. How can talent be incented to create cost savings? Do companies offer a percentage of savings that are within the control of their talent? How can talent be incented to create and actualize revenue-generating initiatives? Funding incentives from the resulting efficiencies can engage your talent and your finance department. more »
If you are successful with pay for performance everyone achieves or exceeds their goals and rewards are self-funded from business revenue. Making this reward system work requires peeling through a few layers of the onion-while avoiding stakeholder tears. Goal setting needs to reflect the right organizational priorities and individual talent passions. Calibrating performance requires consistent ratings to minimize bias. And both your CHRO and CFO want a system that strikes the right balance of achieving desired performance with competitive compensation that supports the bottom line. This webcast covers the successful transformation in a government agency from a longevity-based pay system to a pay-for-performance system. You'll learn why you cannot afford not to shift to pay for performance. If you have responsibility for achieving performance in your company, this webcast is for you! more »
In a challenged economy, companies are looking for ways to reduce spending and increase efficiency. Often when companies cut back on budgets, they risk negatively impacting talent motivation. How can talent be incented to create cost savings? Do companies offer a percentage of savings that are within the control of their talent? How can talent be incented to create and actualize revenue-generating initiatives? Funding incentives from the resulting efficiencies can engage your talent and your finance department. This webcast will feature motivating ways for talent and your company to do more with less for competitive advantage. more »
Lively interview with Paula Godar, Director Brand Strategy, Maritz
We'll discuss:
When you define desired performance and potential pay opportunities, is your approach counter-productive? Narrowly defining performance and pay opportunities may limit motivation or at worst affect ethics. Is your definition of performance short-sighted or measurable in the long-term? Should your talent establish part of all of their own pay based on performance they are committed to achieve? If people understand and believe they can be successful in a pay program then they are likely to be more productive and engaged in the success of the organization. This webcast will address approaches that rock traditional compensation notions to achieve talent-driven (pay and) performance. more »
As your talent takes on balancing work-life demands, the meaning of the words "reward" and "incentive" take on more dimensions. Flexibility, learning, networking opportunities, tangible rewards and recognition lift morale, improve productivity and increase retention...and isn't that what rewards and incentives were designed to do? When rewards and incentives become part of your culture and brand, your organization can fully leverage these tools for optimal talent management. Learn how organizations are re-thinking both the concept and practice of reward and recognition to connect your talent with your goals and strategies. more »
The 100 Best-Performing Hospitals listed in a recent US News and World Report compete for critical talent by paying for scarce skills. How do the best in clinical outcomes hold onto a "great catch" among critical talent who are close to the core of health care delivery and essential to creating high-performance organizations? This webcast will cover highlights from a new study conducted by Jay Schuster and Pat Zingheim on what the top U.S. hospitals do to retain, pay and reward the best scarce talent. Learn how to catch up with the best-performing hospitals in retaining RN's, physicians, medical technologists, respiratory therapists, physical therapists and research scientists. Find out how the most successful health care providers keep skills fresh and relate pay practices to the value added to patient outcomes and clinical metrics. more »
As organizations tighten their budgets in a softened economy, there is a way to do more with less by rewarding the right talent at the right time for the right reasons. An approach called Total Compensation Management aligns talent performance with business goals and increases job satisfaction and talent retention. Hear how best-in-class companies identified by the Aberdeen Group implemented and effectively managed compensation to align with talent values and motivations. These companies' results of improved revenue per employee and improved labor costs as a percentage of sales are not magic, they can be yours too through the science of talent management.
Don't miss these webcast take aways:
Today's talent wants development opportunities; skill-based pay systems provide developmental opportunities that meet the needs of the business. When rewards follow demonstrated compensable skills, not merely jobs, talent is motivated to re-certify competencies and develop new skills, allowing for rotations throughout a department and developmental opportunities in other parts of the company. The organization benefits from flexible staffing levels, re-deployed talent where it's needed, and higher productivity. These desired results come from "paying it forward" addressing both the upside and challenges of a high involvement workforce motivated by skill-based pay.
Don't miss these webcast take aways:
Incentives and rewards for performance - for your executives, sales professionals, and the entire organization - can (or should) be one of your organization's top initiatives because they form a direct link between the key success factors of the company and positive outcomes (rewards) for talent. With businesses becoming more globalized, interdependent and information enriched, and downward pressures on the economy, competition is become even more intense. Quality, responsiveness and costs remain critical strategic determinants of market success. Do your reward systems work to their full potential? Does your strategy include mass customization of rewards and incentives? Whether you're in HR, line management or a senior leader, this webcast will help you leverage the full power of tomorrow's incentives and non-cash compensation for leading edge talent management.
Don't miss these webcast take aways:
In uncertain economic times senior leaders are asking how to get the most out of their greatest investment in talent - compensation, and how to use pay as a tool to manage the business. "The risk of earning a competitive wage is now increasingly on the employee's shoulders," said Ravin Jesuthasan, a managing principal and practice leader at Towers Perrin. Merit increases, bonuses, equity grants, or even contributions to benefit plans are expected to become more intertwined with performance, as an individual or as part of a unit. A way to deliver rewards without a long-term commitment creates an incentive along with uncertainty. Strong performers will likely embrace the risk associated with the opportunity to earn more. What about the rest? This webcast will cover the opportunities and challenges in transferring risk and reward for performance to individual contributors, managers and teams.
Don't miss these webcast take aways: