Jumping on the Incentive Bandwagon: Key Questions and Process Steps for Effective Plan Design

SHRM 2016 Annual Conference & Exposition
Workplace Application: This session will help you determine whether or not incentives are the answer along with effective design process steps for implementation.

Repeated from Monday at 2:00 p.m.

The use of incentives continues to surge in popularity. A recent survey found that 81 percent of U.S. organizations (up from 68 percent just six years ago) are using variable pay – or incentives – for employees outside the sales force. Top management is increasingly calling for it as a solution to all manner of performance issues. While we know that incentives can be a powerful force for the positive, they also have the potential to be ineffective and even damaging when implemented to “fix” ill-defined problems. This session will help you:

  • Understand the basics of variable pay.
  • Understand the key issues to evaluate when deciding whether to implement an incentive plan.
  • Determine the steps for incentive plan design and implementation
Date(s) & Time(s): 
Tuesday, June 21, 2016 - 4:00pm to 5:15pm
Presenter: 

Karen Vujtech, SHRM-SCP

Karen
Vujtech, SHRM-SCP

Lisa Carlton, SHRM-SCP

Lisa
Carlton, SHRM-SCP

Lisa Carlton is the Director of Compensation and Benefits/HRIS/Payroll at Stormont-Vail HealthCare, an acute care health system located in Topeka, Kansas. She has over twenty-five years experience in HR management and administration for both profit and non-profit organizations. Lisa is currently a member of the SHRM HR Disciplines Special Expertise Panel and has served as SHRM State Council Director and Chapter President in the past. She is also an Adjunct Professor at Friends University and has also taught HRCI Certification preparatory classes.

Location: 
Convention Center 201
Amount of Credit: 
1.25
Credit Type: 
SHRM PDCs
HR Credit
Session Type: 
Concurrent Session
Competency: 
Consultation
Critical Evaluation
Intended Audience: 
Mid-Level
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