In these evolving times of high labor demands, many organizations are wrestling with how to develop a motivational Total Cash Compensation Program to attract, retain and motivate the best and brightest employees. This involves integrating a competitive base salary structure with a results-oriented variable pay program. Doing this successfully requires the application of a proven process which addresses all of the critical elements and components of total cash compensation development.
In this pragmatic presentation, John Rubino will walk you through his step-by-step approach which includes identifying benchmark jobs, salary survey market pricing and job evaluation techniques, creating a simplified base salary structure, and developing a variable pay program to reward employee goal achievements. Moreover, John will discuss the optimal ways for you to define, apply, and administer the integrated base salary and variable pay components. You will leave John's presentation with a workable step-by-step template that will assist you in obtaining the maximum employee motivation value from your new Total Cash Compensation Program!
Learning Objectives:
- Receive a proven step-by-step methodology for creating a Total Cash Compensation Program from scratch.
- Discuss the process for identifying benchmark jobs, as well as salary survey market pricing and job evaluation techniques.
- Create a simplified base salary structure and a results-oriented variable pay program.
- Define, apply, and administer the integrated base salary structure and the variable pay program to obtain the maximum motivational value from their new Total Cash Compensation Program!
In-person session offerings are on a first-come, first-served basis.
