Compensation Design Tips to Attract and Motivate Employees is brought to you by Lorman
Learn trends in compensation design and nuances that make a plan more strategically and financially aligned.
Top talent is becoming harder and harder to identify, hire, motivate, and retain in the current economy. Many C-suite executives state that this is one of the primary obstacles or risks to the achievement of a company’s business plan for the year. Compensation has long been used as a tool to create a differentiated employee value proposition that attracts, motivates, and retains the necessary talent. However, many organizations’ compensation programs have wandered away from competitive practices or been outshined by innovative approaches in hot markets. This presentation will help the persons responsible for the assessment and design of their company’s compensation programs to better understand how to ensure competitiveness, create more powerful programs, and implement compensation plans that are truly engaging. We will discuss trends in compensation design and nuances that make a plan more strategically and financially aligned, but also powerful tools in talent management. In addition, the finer points of plan administration that help support employee engagement will be covered.
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