Implementing a Pay-for-Performance Program: How to Set Goals, Motivate Employees, and Drive Results

Implementing a Pay-for-Performance Program Webinar Recording

The improving economy means that the once employer-friendly job market is going to give way to new opportunities for employees, which means your top talent will start looking around to see what else is out there. So how can you reward them in a way that keeps them in the fold, and drives even higher levels of performance?

When attention shifted from compensation to mere survival during the worst of the recession, performance management was also put on the back burner. But as the labor market starts looking up, it's crucial that your compensation program is aligned with measuring and rewarding achievement. If it's not, your best employees may walk out the door.

The best employees want to know how they are performing, and they want to be challenged to succeed. An effective goal-setting process that is linked to a well-calibrated pay-for-performance system will facilitate employee appraisals, reward your stars, and motivate workers at all levels to perform at their best. 

Participate in this interactive webinar, and you'll learn:

• The basic objectives of compensation and how they relate to the design of any compensation and performance management program
• Where pay-for-performance fits into your compensation philosophy
• The ins and outs of performance metrics 
  - Corporate/organizational 
  - Business unit 
  - Individual goals
• How goals change by employee groups, and how weighting goals focuses employees on making on the goals they can make real progress toward
• The performance metrics that are used by different industries and by for-profit versus non-profit organizations, and which you should target at your organization
• An outline of an effective performance management and goal-setting process
• How to effectively link pay with performance

In just 90 minutes, you'll learn how to logically link your compensation plan to your employees' performance. Register now for this informative event for HR professionals.

This webinar was recorded on Wednesday, April 4, 2012

Implementing a Pay-for-Performance Program: How to Set Goals, Motivate Employees, and Drive Results

About Your Speaker:

Paul R. Dorf is the Managing Director of Compensation Resources, Inc. He is responsible for providing overall direction to the firm through three principals. He is also responsible for directing consulting services in all areas of executive compensation, short and long-term incentives, sales compensation, performance management programs, and salary administration programs. He has more than 40 years of Human Resource and Compensation experience and has held various executive positions with a number of large corporate organizations and an acute care hospital. His experience includes direct consulting as head of the Executive Compensation Consulting Practices for major accounting and actuarial/benefit consulting firms, including KPMG, Deloitte Touche, and PricewaterhouseCoopers.