Compensation Design Tips to Attract and Motivate Employees

Learn a plan for designing pay plans that both align with your company’s mission and get results.

Is it difficult to find and keep high-performing talent? Pay is a necessary element in the work environment but many companies fail to design compensation plans that attract and motivate employees. The end result is that companies often overpay for the amount of employee satisfaction and performance that is delivered. Learn the critical factors that are necessary to obtain the high performing employees to drive business success. This topic will show you how to align your company’s employee value proposition with your pay strategy to maximize worker engagement in their role. Learn how to craft the cutting edge pay programs that your company needs to better compete in the marketplace.

• Understand the difference between intrinsic and extrinsic motivation relating to employee rewards.
• Recognize how to attract and retain the talent you need achieve business success.
• You will be able to discuss how to align your employee value proposition to maximize employee motivation and engagement.
• You will be able to explain how to design a compensation plan that best fits your company.
• You will be able to identify internal and external influences that impact your employees and program success.
• You will understand the service profit chain and how it impacts your employees and customers.
   

Understand Motivation and the Role of Pay

• Alignment with Company Goals and Pay Philosophy
• Intrinsic and Extrinsic Motivation
• Understand a High Performing Culture
• Salary, Short-Term Incentive and Long-Term Incentive Goals

Attracting and Motivating the Workforce

• The Employee Value Proposition (EVP)
• How to measure and improve the EVP
• Pay Program Gap Analysis

Performance Pay Design That Fits Your Company

• Diagnosis of Internal and External Influences that Impact your Employees and Pay Programs
• Talent Strategy Selection and the Impact on Performance
• Job Structure and Talent Profiles that support Pay Design and Practice
• 3 Pay Design Strategies to Gain Competitive Advantage

During this information-rich webinar, Sam Reeve, President of CompTeam, will discuss tips for crafting workforce performance pay programs that go beyond simple pay plans of your competitors.  We will discuss how to attract and select a high performing workforce then we will review talent programs that will encourage them to stay at your company and contribute at high levels.  You’ll learn the most practical and effective techniques that top-performing companies have already implemented. Don’t go another year with a program that doesn’t work; modernize your practices now and make a successful shift to begin taking your company’s talent programs to an entirely new level.

• Owner
• Founder
• President
• CEO
• CFO
• COO
• CAO
• CHRO
• Human Resources (Chief People Officer
• Director HR
• HR Manager
• HR Business Partner
• HR Generalist
• Compensation Consultant
• Compensation Analyst
• Compensation Manager
• Head of Total Rewards
• Talent Management

Sam Reeve is the President of CompTeam, a global employee pay and performance consulting firm that helps all types of companies have happier, more motivated employees while saving over 5% a year on their pay budgets.  He is a global certified compensation consultant (CCP, GRP) with over 20 years of experience in Total Reward Strategies.        

Sam’s diverse experience includes the design and optimization of performance driven variable compensation plans for executive, sales and core employee populations of growing companies.  His core focus is leading companies through transformational change by optimizing talent initiatives with reward programs to achieve long term strategic objectives.