Why Your Bonus Plan Isn't Working
(HR Specific Webinar)

Event Details:

Date:Time:Location:Cost:
2/9/2016 8:30 a.m.-9:30 a.m. PST Online Free

Description:

Most companies struggle with how to design a bonus plan that “works.” Too many have tried various approaches only to end up with either an entitlement program or an abandoned effort all together. For those who have had this experience there is hope and help—and this webinar will offer both. Tune in to learn how to balance the right metrics and measures in a bonus plan that drives results instead of creating additional compensation costs.

In this webinar you will learn:

  • How to stop reinventing your plan year after year (i.e., build a structure for a permanent plan)
  • Why to stop calling your bonus plan a “bonus plan” (we’ll tell you what you should call it)
  • How to define minimum performance thresholds before any incentive is paid
  • The simple “three essentials” to any incentive plan
  • How to avoid an “all or nothing” approach to payments
  • Whether to pay awards monthly, quarterly, or annually
  • How to communicate your plan as part of a meaningful total value proposition

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