How to Ensure the Success of Your Variable-Pay Program to Motivate Your Talent

You're thinking of designing a new variable-pay program for your organization, and you're just not sure exactly what to do. Maybe you have an operational plan, but it's not motivating your talent the way you'd like. This session will demonstrate a specific methodology and a series of structured steps to follow, and walk you through the process. After all, evolving from a base-pay environment to variable rewards is a significant cultural change in your organization, and there are myriad environmental, design, implementation and communication challenges that must be identified and addressed. A proven and pragmatic, eight-step, variable-pay-design approach will be shared, as well as 10 Criteria for Success for variable pay. In addition, you will leave with a valuable variable-rewards template that can be tailored to your organization.

Learning Objectives:

• Understand the cultural, environmental, and other issues and challenges you need to address and resolve when evolving your organization from base pay to variable rewards.
• Learn a proven and pragmatic, step-by-step methodology for successfully designing, implementing and communicating an organizationwide variable-pay program.
• Gain a variable-rewards template that can be tailored to your organization, as well as the 10 Criteria for Success for designing variable rewards. Both are critical in helping to ensure the success of your variable-pay programs, all for the purpose of engaging and motivating your talent.