…and How to Start Preparing

Watch Recording:

Happily, our country is beginning to open for business again. So, what now?

While the economy won’t recover overnight, smart companies are starting to plan how their businesses will operate differently in the future, especially when it comes to compensation. Going forward, they want pay programs that won’t paralyze their cash flow or otherwise create the kind of financial strain their current plans have caused.

So, what’s the solution? How should your rewards approach in the future be different than has been previously? What emphasis should be given to guaranteed versus incentive compensation? What is the best way to align pay with results and what kind of performance should be rewarded? How do you make sure your compensation plan has the right balance of flexibility and stability? And what should you start doing now to prepare for success going forward?

These questions and more will be answered in this webcast.

During this presentation, you will learn:

  • How to connect compensation to value creation.
  • The difference between paying incentives and value-sharing.
  • How to balance rewards for short versus long-term performance.
  • Why your pay philosophy must be defined before your pay strategy can be created.
  • How to ensure your compensation plan generates a positive return.
  • Why you need an agile pay plan and what it should include.
  • How to create an operational structure for pay and benefits that emphasizes flexibility.
  • Which compensation plans every company will need in the future.