The economic chaos caused by the coronavirus pandemic is likely causing you to examine every financial element of your business right now. And because compensation is the biggest line item on your P&L, that number blares at you like a neon sign these days. All logic tells you it needs to shrink--and quickly.
As a result, you're wondering what your pay strategy should look like for the foreseeable future. Now, more than ever, your approach to compensation needs to be tied to performance--which means it is linked to results. If that's true, what should those results be and how do you make sure your pay plan effectively rewards them?
Watch this broadcast to learn the answers to those questions and more. In this presentation, we unveil the secret to creating a pay strategy that provides the agility needed to confront today's economic storm but remains relevant when prosperous times return.
By watching this webinar, you will learn: