Pay-for-Performance: Practical Strategies That Incentivize Your Workforce in a Cost-Effective Way

Pay-for-Performance Webinar Recording

Nearly 40 percent of employees say their compensation is tied to performance in some way, either at an individual, group, or company level, and one third of employees who work for organizations without any sort of pay-for-performance system say they would be more productive if their earnings were linked to performance-based outcomes.

Because pay-for-performance systems use bonuses and merit increases to motivate employees to go the extra mile, they can be a great way to achieve departmental or organization-wide goals. Sounds good, right?

But how do you know if your pay-for-performance system is working? Many employers miss the mark when it comes to executing the fundamental steps necessary to make their pay-for-performance plans successful.

As the economy improves and employees have more job opportunities available, it's important to learn the dos and don'ts of pay-for-performance plans so you can energize your workforce while keeping an eye on the bottom line.

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

• Strategies other organizations are using to properly assess employee performance rewards
• How to tell which pay-for-performance strategies really work and which are merely ineffective fluff
• Technical aspects of pay-for-performance plans that are crucial for developing a plan that motivates employees
• Telltale signs that your pay-for-performance strategies are more show than substance -- and how to change that
• Practical pay-for-performance strategies that you can implement NOW
• Why execution and follow-through are crucial when it comes to pay-for-performance
• Reliable benchmarks for assessing the success of your program

In just 90 minutes, you'll learn tips to assess and improve your pay-for-performance program. Register now for this informative event for HR professionals. 

This webinar was recorded on Tuesday, October 9, 2012

Pay-for-Performance: Practical Strategies That Incentivize Your Workforce in a Cost-Effective Way

About Your Speaker:

Jim Kochanski is the senior vice president of the performance and rewards practice at Sibson Consulting and past leader of its organization and talent-management practice. He works with business leaders to improve their company's ability to execute strategy with stronger people programs and develops approaches and methods to help clients improve performance, upgrade talent and connect performance and rewards. With more than 20 years of consulting and corporate experience, Mr. Kochanski also consults on optimizing the effectiveness of corporate staff groups in such departments as information technology, human resources, and finance.