Start By Defining Value Creation

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Many business leaders were forced to confront a harsh reality in 2020: Compensation is expensive—and can kill cash flow.

This has always been true, but the COVID economy put an exclamation point on just how damaging some pay strategies can be. Companies discovered their rewards plans were highly imbalanced (too heavy on short-term guarantees) and highly inflexible (too short on options for how to pay their people).

The pandemic experience led enterprise leaders to seek a rewards approach that will lower their compensation risk and expense while producing higher than usual employee performance. Effectively, they want a pay strategy that drives up results and drives down costs—at the same time. It’s a tall order, but it can be done. We’d like to show you how.

Join us for this presentation to learn how to design a performance-centered pay offering that essentially pays for itself!

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In this broadcast, you will learn:

  • Why your company must define value creation before it can design a compensation strategy capable of succeeding in the new economy.
  • Why sharing value instead of paying incentives is a more effective way to reward performance.
  • What a balanced pay strategy looks like and how it lowers the risk of your compensation offering.
  • How to increase performance rewards and decrease their impact on cash flow—at the same time.
  • Why a clear pay philosophy is essential and how it ensures your company’s pay offering is embraced by employees.
  • How to balance rewards for short versus long-term performance—and the metrics that should be used for each.

VisionLink has been helping companies develop successful compensation strategies for over 25 years. We have advised hundreds of business leaders on how to create pay offerings that transform employees into growth partners. We know what works. In this broadcast, we plan to share what we have learned.

Please Plan to Join Us!

Featured Presenter:

Ken Gibson

Ken is Senior Vice-President and a principal of The VisionLink Advisory Group. He is a frequent speaker and author on rewards strategies and has advised companies for over 30 years regarding executive compensation and benefit issues.

Ken Gibson