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:
Case study examples from organizations that use pay for performance as a management tool