Paying for performance seems like a simple idea, but for HR leaders who want to adopt this model, the process is far more complex. If poorly executed, a pay-for-performance program can de-motivate employees and waste time and money on an ineffective plan.
Find out the reasons to adopt a pay-for-performance plan and the steps needed to create one that will encourage your talent to excel.
HR and business leaders must devote considerable time to analyze and decide if a pay-for-performance plan is right for a particular organization. In this hour-long session, HR expert Stacey Caroll, MBA, SPHR explains all the ins and outs of preparing to implement this model in your company. You'll learn to:
• Define pay for performance, and understand how it can build upon standard yearly raises linked to performance reviews.
• Evaluate the potential positive and negative consequences of adopting a pay-for-performance plan.
• Identify whether or not a pay-for-performance model is right for your organization.
This webinar has been approved for 1.0 credit towards PHR/SPHR and GPHR re-certification and 1.5 credits towards CHRP re-certification.